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Mar 12, 2024 526

"Amsterdam-based cloud-based property management platform ""Mews"" has won the title of ""Unicorn"" with a valuation of $1.2 billion!"

#global

"Mews was established in 2012 by former hotel manager Richard Valtr, who recognized the industry’s need for new technology. The company emerged from his experience managing a hotel in Prague, to transform hotel operations.

Prague, Czech Republic - Czech Mews, a cloud-based property management system, has made headlines by securing a staggering $110 million in funding. Led by Kinnevik and with contributions from Revaia, Goldman Sachs Asset Management, Notion Capital, and LGVP, this funding round has propelled Mews to unicorn status, with a valuation now standing at $1.2 billion.

Established in 2012 by former hotel manager Richard Valtr, Mews was born out of a vision to revolutionize the hospitality industry through cutting-edge technology. Starting from humble roots in Prague, Mews has expanded its reach globally, now managing over 350,000 hospitality spaces for more than 5,000 clients worldwide, including renowned establishments like Strawberry Hotels, The Social Hub, and Airelles.

According to Mews' data, the company's gross payment volume surpasses $8 billion, with over 16 million annual hotel check-ins globally. With a marketplace integrating over 1,000 hospitality technologies and the recent acquisitions of Frontdesk Anywhere, Hotello, and Nomi, Mews has demonstrated its commitment to innovation and growth in the industry. With this latest round of funding, Mews aims to further solidify its position as a leader in hospitality technology, anticipating a future where guest experiences and hotel operations are transformed under its pioneering solutions.