Tiger Global Invests $75 Million in Mews to Boost Growth in the United States
NEW YORK, March 5, 2025 /PRNewswire/ — Mews, a leading technology platform for the hotel and hospitality industry, has secured $75 million in funding led by Tiger Global, a prominent global investment firm, alongside existing investors Kinnevik, Battery Ventures, and Growth Equity at Goldman Sachs Alternatives.
This funding solidifies Mews’ position in the hospitality sector, drives expansion in the USA and DACH region, accelerates platform innovation with AI-powered revenue management features, and fuels strategic acquisitions.
In 2024, Mews experienced remarkable global growth, with over 50% year-over-year growth, processing over $10 billion in payment volume, and generating revenue exceeding $200 million. The company gained prestigious clients like BWH Hotels, completed the acquisition of Atomize, and achieved a significant market penetration of 20% in the DACH region.
The recent funding marks a pivotal moment in Mews’ expansion strategy, focusing on accelerating growth in the USA – one of the most dynamic markets in the hospitality industry. Mews continues to gain market share and expand its presence across North America, with recent milestones including:
– Doubling revenue in North America compared to the previous year
– Doubling the number of hotel brands using Mews, including forward-thinking brands like Lark Hotels, BWH Hotels, and Weekender
– More than doubling the number of rooms and spaces managed through Mews, surpassing established PMS providers in the USA.
Additionally, this investment will expedite Mews’ research and development efforts and drive innovations that cater to the evolving needs of the modern hospitality industry. With continuous investments in technology, Mews is shaping the future of hotel management, providing unparalleled scalability, automation, and operational intelligence for some of the world’s largest hotel brands.
“Tiger Global is a compelling partner for the next chapter of our journey,” said Richard Valtr, Founder of Mews. “Their experience with high-growth technology companies and category winners in the USA, including Toast, Procore, and ServiceTitan, is invaluable as we expand our presence, accelerate innovations, and pursue strategic acquisitions. With this investment, we reaffirm our commitment to the US market, where we hold a strong leadership position and have invested over $50 million in expanding our business in recent years. We will continue to invest significantly in the market to uphold our long-term strategy of global growth and market leadership.”
Matt Welle, CEO of Mews, added, “Our vision has always been to redefine hospitality with spaces that put people at the center, and this investment brings us closer to that goal. There are numerous opportunities for AI to enhance both guest experiences and operational efficiency in an industry rich in data. With Tiger Global’s support, we look forward to advancing the wave of innovation at the intersection of hospitality and AI, with Mews at the forefront.”
Sara Eadie of Tiger Global commented, “Mews is redefining what it means to deliver exceptional guest experiences in the hospitality industry and beyond. Our partnership with the Mews team is an exciting step towards further expansion in North America and global market leadership.”
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In conclusion, Tiger Global’s investment in Mews signals a significant milestone in the company’s growth strategy, highlighting its commitment to innovation, market leadership, and expansion in the USA and beyond. As Mews continues to revolutionize the hospitality industry with cutting-edge technology and unparalleled service, the future looks promising for the brand and its partners. Stay tuned for more exciting developments from Mews as they reshape the landscape of hospitality.
