Mews, Cloud-Based Hotel Software, Hits $1.2 Billion Valuation in Hospitality Tech Surge
Mews, the innovative cloud-based hotel software co-founded by Richard Valtr and led by CEO Matthijs Welle, has reached a valuation of $1.2 billion after securing $110 million in funding, with Kinnevik as the lead investor.
The company's success represents a pivotal moment in hospitality technology, with Mews distinguishing itself through an intuitive design and a modular approach to hotel management software. Valtr's journey into the tech world, rooted in his family's legacy of hotel development, reflects Mews' vision to revolutionize the outdated hotel software landscape. The company's impressive annual recurring revenue of $100 million and strategic expansion through acquisitions underscore its impact on the industry.
As the hospitality tech sector garners increased investor interest, Mews competes with established players like Saber Hospitality and Oracle Hospitality, positioning itself as a key player with a focus on innovation. Valtr's perspective on repurposing vacant commercial properties for hospitality venues showcases the broader applicability of Mews' solutions. The recent funding not only validates Mews' vision but also sets the stage for continued innovation in hospitality tech, emphasizing the company's role in shaping the future of guest experiences through the intersection of technology and hospitality.