Amsterdam's tech scene witnessed a groundbreaking moment as Mews, a cloud-based property management system (PMS) tailored for the hospitality sector, achieved unicorn status. Founded in 2012 by Richard Valtr, a former hotelier with a vision for digital transformation, Mews secured a staggering $110 million (€101 million) in its latest funding round, propelling its valuation to $1.2 billion (€1.1 billion).
Valtr's brainchild, Mews, represents the "central nervous system" of hotel operations, revolutionizing traditional management approaches. With a suite of services ranging from booking management to seamless payment processing, Mews empowers hoteliers to deliver unparalleled experiences to their guests while optimizing internal workflows.
Bucking the trend of conventional hospitality technology, Mews experienced a meteoric rise with over 60% year-on-year revenue growth and an impressive 16 million annual hotel check-ins worldwide. Bolstered by strategic acquisitions, including Frontdesk Anywhere, Hotello, and Nomi, Mews boasts a robust customer base of 5,000, overseeing the management of more than 350,000 hospitality spaces.
Armed with fresh capital injection, Mews is poised to spearhead further innovation through intensified research and development efforts. The funding round, led by prominent investors like Kinnevik and supported by Reavaia, Goldman Sachs Alternatives, Notion Capital, and LGVP, underscores confidence in Mews' disruptive potential.
Mews' ascension to unicorn status marks a significant milestone for the Netherlands' tech ecosystem, solidifying its status as a breeding ground for tech unicorns. Standing shoulder to shoulder with industry giants like Booking, Adyen, and bunq., Mews epitomizes the relentless pursuit of innovation driving the Dutch tech renaissance.
In conclusion, Mews' transformational impact on the hospitality industry underscores the pivotal role of technology in reshaping traditional sectors. With its visionary leadership and unwavering commitment to innovation, Mews is poised to redefine the future of hotel management on a global scale.
Source: The Next Web