Czech startup Mews closes $185 Million in fundraising to transform the hospitality industry

Published: 03.01.2023 Related countries:  U.S.A. U.S.A.

This Series C round brings the total amount raised to date to over $225 million and will be used to accelerate product innovation, global expansion and new acquisitions.

The investment round was led by Kinnevik and the Growth Equity business within Goldman Sachs Asset Management with participation from Revaia, Derive Ventures and Orbit Capital; and returning investors including Battery Ventures, Notion Capital, Salesforce Ventures, Thayer Ventures, and henQ. Mews also expanded its existing debt facility with Columbia Lake Partners.

The fundraise sets the valuation for Mews at $860 million.

Mews provides a cloud solution for the new era of hospitality to streamline operations for modern hoteliers, transform the guest experience and create more profitable businesses. Over 3,000 properties in 70 countries are powered by Mews. 

Source: PRNewswire

Prepared by the CzechTrade office in San Francisco.