The Mews Blog > Mews Raises $33 Million Series B to Accelerate the Future of Hospitality
Mews’ platform changes the way hotels and hostels serve guests, opens opportunities for new revenue streams around innovative guest experiences
London, Prague & NYC -- August 29, 2019 --Today Mews announces that we have raised $33 million in funding. The Series B round was led by global investment firm Battery Ventures, with Battery Principal Sanjiv Kalevar joining the Mews board of directors and Battery General Partner Michael Brown joining as board observer. Mews will use the funds to further accelerate our ability to fundamentally transform how hotels operate and serve guests, as well as enabling entirely new technology players to find creative ways of providing hospitality experiences. Furthermore, the funding will support the company’s expansion in the US and the imminent launch of our office in New York City where Mews Founder Richard Valtr will be based.
Unlike traditional hotel technology, the Mews platform was designed to create new revenue channels and branding opportunities for hotels as well as offering guests more flexibility to create and manage their ideal stays. With the new funding, Mews will bring other first-of-their-kind features to hotel operations to establish a new standard of excellence in hospitality.
“The hospitality industry has been slow in adapting to today' . s guests’ expectations, to make their stay easy, enjoyable and memorable. Mews was created to help hotels run far more efficiently so that they can switch their focus entirely back to the guest,” said Valtr. “We are building technology that enhances human capabilities to elevate the design and curation of experiences as the primary business of hospitality, away from repetitive data entry.”
We have already developed an open hospitality API for our platform to unlock the industry to the wider world of technology and bring innovative solutions to the full range of spaces we help to manage - from niche alternative properties to hostels to large hotel chains - allowing all kinds of apps to enhance back office and guest experiences. Currently, Mews works with over 130,000 beds at over 1,000 properties across 47 countries, and we are enabling our hospitality customers transact over $150m each month in hotel and ancillary purchases. From European based global chain Accor to African hotel powerhouse Tsogo Sun to hip hostel group Generator, or new hospitality players like the Collective, our innovative approach to guest service has been adopted the world over and by a broad range of property types suggesting exciting opportunities in the future for any space management business.
“Mews has a bold vision for where hospitality can go that extends far beyond our mobile check-in technology or plug-and-play marketplace,” said Mews CEO, Matthijs Welle. “We want to redefine the modern stay from the ground up by improving operations, enhancing branding and empowering staff to become a high functioning and resourceful experience design and curation team. We’re thrilled to be on course for consecutive 200% YOY growth, so it’s exciting to see a real appetite for change.”
“The $8 trillion global travel and tourism industry has undergone a great deal of change over the last 20 years as both businesses and consumers continue to adopt digital and now increasingly cloud-based software. As hotel and other hospitality property owners look to address the challenge of competition from peer-to-peer platforms like Airbnb, Mews provides hoteliers with the tools to not have to worry about the day-to-day of running the business, and instead focus on improving guest experience and helping travelers have the trip of a lifetime,” said Battery’s Kalevar. “Mews' technology allows hotels to innovate on today’s guest experience, including the ability to offer subscription plans or designing specific hours of stay for their properties. Mews is evolving the world of hospitality, and we are delighted to be a part of this journey.”
To learn how the Mews platform can elevate your hotel experience, book a demo with one of our Mews experts.
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