Mews, a hospitality management cloud provider based in Amsterdam, recently announced the procurement of $100 million from Vista Credit Partners. The funding is set to enhance Mews’ position in the hospitality sector, with a focus on mergers and acquisitions (M&A) and technological advancement. The significant investment marks another step in Mews’ ambitious quest to lead the digital transformation of hospitality, targeting operational efficiency, and enriched guest experience. The company’s strategic moves are spurred by a growing demand for innovative solutions in hospitality management.
What Does Mews Plan for the New Funding?
The newly acquired funds will bolster Mews’ M&A initiatives, crucial for maintaining its leadership in the market. The company has already acquired nine hospitality firms through its investment division, Mews Ventures. By allocating resources to further acquisitions and technological development, Mews aims to reinforce its market position and drive industry-wide technological transformation.
Mews intends to invest not only in acquisitions but also in its team and technology, underscoring its commitment to technological progression. This strategy aligns with its broader goal to modernize the hospitality industry. The additional capital from Vista Credit Partners will facilitate these efforts, enabling Mews to enhance both organic and inorganic growth.
Will Mews’ Platform Strengthen the Hotel Industry?
Mews, established in 2012 by Richard Valtr, has developed the Mews Hospitality Cloud to optimize hotel operations, improve guest experiences, and boost profitability. The platform is designed to take the focus away from screens, allowing hotel staff to prioritize guest interactions. Mews’ cloud solutions have already gained popularity among notable hospitality brands, aiding their shift towards digital operations.
In recent years, Mews has achieved significant milestones, including securing a valuation of over $1 billion and expanding its customer network to over 5,500 clients globally. The company has also witnessed substantial growth in North America, where its customer base expanded by 250% in the past year. The introduction of new functionalities like AI-driven search and an advanced kiosk solution has further cemented its reputation as a forward-thinking industry player.
Vista Credit Partners, since its inception in 2013, has been an influential player in the enterprise software, data, and technology sectors. With over $8.1 billion in assets under management, Vista has been pivotal in funding technological advancements. Their collaboration with Mews underscores their commitment to supporting innovative enterprises that seek to reshape their respective industries.
Amy Mathews of Vista Credit Partners recognizes Mews as an essential property management system that automates core processes in hospitality. By providing tailored capital solutions, Vista supports Mews’ expansive growth plans, particularly as the hospitality industry continues its digital transition. Mews’ strategic vision is well-supported by Vista’s expertise and financial backing.
Mews’ recent strides reflect broader trends in the hospitality technology landscape. The company’s focus on M&A, alongside technological innovation, aligns with industry-wide movements toward digital solutions for operational improvement. As Mews continues to push boundaries in cloud technology, it opens up possibilities for enhancing guest services, thereby setting new standards for the hospitality sector.
