Dutch unicorn tech firm Mews gets €2 billion valuation after new funding round
Hotel software provider Mews has secured 300 million U.S. dollars in a new funding round, valuing the company at 2.5 billion dollars, or more than 2 billion dollars. The Amsterdam-based company, founded in 2012, now serves 15,000 clients across 85 countries, FD reports.
The latest capital injection will reportedly support artificial intelligence development and further international expansion, with a particular focus on the United States.
Richard Valtr founded Mews, and Matthijs Welle, the current CEO, soon joined him. Both founders, having previously worked as hoteliers, developed the platform to digitize hotel operations worldwide.
The latest investors include Atomico and HarbourVest Partners, joining existing backers Kinnevik, Battery Ventures, and Tiger Global.
“Mews is the key to the future of hospitality, and the team is well on its way to building a company that will last for multiple generations,” said Laura Connell, partner at Atomico. Welle told Het Financieele Dagblad that Mews is also preparing for a potential Wall Street public offering within the next two to three years.
The new funding follows a 110-million-dollar investment in 2024 that granted the company unicorn status. In the past year, Mews processed 19.7 billion dollars in transactions through its platform, with gross margins on software revenue increasing 55 percent.
