Mews, a scaleup based in Amsterdam, has bagged $100M in credit financing from Vista Credit Partners, the credit-investing arm of tech-focused private equity firm Vista Equity Partners. This funding comes just months after Mews secured $110M at a $1B valuation, making it the Netherlands’ latest unicorn.
Mews has built a cloud-based system that helps hotels and other hospitality businesses manage their daily operations more efficiently. It handles tasks like booking rooms, checking guests in and out, processing payments, managing housekeeping, and providing tools for reporting and analytics.
The fresh funding will further progress Mews’ position to continue investing in M&A via its investment and corporate development arm, Mews Ventures. Founder Richard Valtr said, “The market is ripe for consolidation.” Mews has acquired nine competitors so far, including HS3 Hotelsoftware, Frontdesk Anywhere, Hotello, and Nomi.
Mews was founded in 2012 by Richard Valtr, an ex-hotelier on a mission to transform the way hotels do business. The company sees M&A as a path to rapid growth. Mews has experienced a revenue increase and has 5,500 customers in 85 countries, most of which are independent hotel companies.