Cloud-based property management software platform Mews has announced the close of its €6m Series A funding round.
The funding will be used to accelerate its mission to automate the hotel, democratise hoteliers’ knowledge and encourage connectivity to enhance the overall guest experience as well as to open new offices around the world.
Mews’ hotel management platform facilitates online check-ins and payments, booking management and staff training, among other services, and allows tools and apps to connect through its API.
The company was founded in 2012 by entrepreneur and ex-hotelier Richard Valtr, and works for hotels with a total of 43,000 beds across 350 properties including brands such as Different Hotels, Machefert, Clink and Wombats.
The funding round was led by Notion, with participation from HenQ and Thayer Ventures.
Valtr said: “Mews’ mission is to help hotels and hostels automate their operations so they can focus on their guests, which is what the industry has always been about. We want to build the nervous system for hotels that all apps and tools for both guests and hosts can be plugged into. This new capital injection into Mews will facilitate our aggressive expansion plans and help us take the hotel industry, and hosting more widely, into the future.
“Until recently hoteliers were forced to rely upon a closed one-stop-shop PMS offered up by incumbent players who have held a luddite attitude towards the hospitality industry for years. The modern hotelier deserves more, and we’re here to empower them with tools that constantly adapt to modern requirements.”
Matthijs Welle, CEO of Mews, added: “In the last year alone we have expanded from 10 to 35 countries, grown revenue by 20% per month and expanded the team from one office with 25 employees to three and 80 employees. Seeing the company grow at such an accelerated pace has been humbling and is a testament to the strength of our platform and the calibre of our global team. This new round of funding gives us the firepower required to capitalise on the momentum we have built ever since Mews was founded six years ago.”
“We think the hotel industry is at a tipping point in terms of the way it uses technology to better manage their operations and transform the guest experience. We also believe that Mews can be a catalyst to this transition in an industry that has been slow to change,” said Jos White, General Partner at Notion. “In this way we couldn’t be more excited to be leading this investment in Mews and look forward to working with Richard, Matt and the team.”