Mews, a Czech startup specializing in hotel management software, has raised $75 million in a funding round led by Tiger Global.

This investment aims to support Mews' expansion in the U.S. and the DACH region (Germany, Austria, Switzerland), as well as to facilitate further acquisitions in the hospitality technology sector.

Mews, a Czech company providing cloud-based property management systems for hotels and other accommodation providers, has secured a $75 million investment from Tiger Global.This funding round also saw participation from existing investors such as Kinnevik, Battery Ventures, and Goldman Sachs Growth Equity.

Founded in 2012 by Richard Valtr, Mews aims to streamline hotel operations through innovative technology. The company experienced significant growth in the past year, processing payments exceeding $230 billion and achieving revenues over 4.75 billion CZK. Notably, Mews' revenues in North America doubled during this period.

The newly acquired funds are earmarked for accelerating Mews' expansion in the U.S. and the DACH region, as well as pursuing strategic acquisitions to enhance its market position. The company has already acquired several competitors in recent years, bolstering its presence in key markets.

Additionally, Mews plans to invest in artificial intelligence to improve guest experiences and operational efficiency. CEO Matt Welle highlighted AI's potential to revolutionize the hospitality industry by leveraging vast amounts of data to enhance service delivery.

This investment underscores Mews' commitment to innovation and growth in the competitive hospitality technology sector.

Prepared by team CzechTrade Israel

Source: CzechCrunch