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COINTURK FINANCE > Business > Mews Secures $75M to Expand in North America and Advance AI Capabilities
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Mews Secures $75M to Expand in North America and Advance AI Capabilities

Overview

  • Mews raised $75M to expand in North America and enhance AI capabilities.

  • The company plans to use the funds for acquisitions and platform development.

  • Mews has grown rapidly, processing over $10B in payments annually.

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COINTURK FINANCE 4 months ago
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Amsterdam-based hospitality technology company Mews has secured $75 million in funding, with Tiger Global leading the investment round. The company has been expanding rapidly, processing over $10 billion in payments and generating more than $200 million in revenue. With a growing client base and a strong presence in the DACH region, Mews is positioning itself for further growth in North America. The latest investment will support its expansion efforts, acquisitions, and development of AI-powered revenue management solutions.

Contents
How will the funds be used?What makes Mews a key player in hospitality technology?

Earlier funding rounds had already established Mews as a major player in the hospitality technology sector. The company previously raised $335 million from investors such as Growth Equity at Goldman Sachs (NYSE:GS) Alternatives, Kinnevik, and Notion. These investments have contributed to its growth, enabling it to acquire multiple companies, including Clarity Hospitality Software Solutions and Atomize. Over time, Mews has steadily increased its market share, particularly in Europe, and is now focused on strengthening its position in North America.

How will the funds be used?

Mews plans to allocate the newly raised capital toward expanding its presence in the U.S. and DACH markets. The company aims to accelerate innovation by enhancing its platform with AI-driven revenue management capabilities. Additionally, a portion of the funds will be used for strategic acquisitions to strengthen its market position further. The company has already made significant progress in North America, doubling its revenue in the region and increasing the adoption of its services by well-known hospitality brands.

The investment will also support research and development efforts to improve the company’s technology offerings. Mews has been expanding its portfolio of customers, including high-profile brands such as BWH Hotels and Lark Hotels, and increasing the number of hotel rooms and spaces it manages. The company aims to stay ahead of competitors by leveraging AI to optimize operational efficiencies and improve guest experiences.

What makes Mews a key player in hospitality technology?

Mews is recognized for its cloud-based hospitality solutions, designed to streamline hotel operations and enhance guest experiences. The company serves more than 5,500 customers across over 85 countries, offering tools that help hotels manage reservations, automate processes, and improve efficiency. The Mews Hospitality Cloud is central to its strategy, providing a comprehensive platform for modern hotel management.

CEO Matt Welle highlighted the company’s vision for integrating AI into hospitality operations, emphasizing its potential to enhance both guest services and business efficiency.

“Our vision has always been to redefine hospitality with spaces that put people at the heart, and this investment propels us even closer to achieving that goal. There are so many opportunities for AI to enhance both the guest journey and operational efficiencies in an industry that is so data-rich. With Tiger Global’s backing, we’re excited to build on the wave of innovation at the intersection of hospitality and AI, with Mews at the center of it,”

he stated.

Tiger Global, the lead investor in this funding round, acknowledged Mews’ role in transforming guest experiences in the hospitality sector.

“Mews is redefining what it means to deliver exceptional guest experiences in the hospitality sector and beyond. Our partnership with the Mews team marks an exciting step as they continue to expand in North America and strengthen their global market leadership,”

said Sara Eadie from Tiger Global.

Mews’ expansion strategy underscores its ambition to become a dominant force in the global hospitality technology market. The company’s focus on AI-driven automation and revenue optimization aligns with industry trends, as hotels increasingly adopt technology to streamline their operations. While Mews has made significant progress in European markets, its success in North America will be a key test of its ability to scale internationally. The competition among property management system providers remains strong, but Mews’ funding and acquisition strategy provide it with an advantage in expanding its market reach.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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