Amsterdam-based Mews, a cloud-based residential or commercial property management system (PMS) for the hospitality market, has actually ended up being the newest Dutch unicorn.
In a fresh moneying round, the start-up– which is likewise a TNW neighborhood member — accomplished unicorn status after raising $110mn (EUR101mn) at an appraisal of $1.2 bn (EUR1.1 bn).
Mews was established in 2012 by Richard Valtr, an ex-hotelier on an objective to speed up the digital improvement of the hospitality area. “Digital improvement is challenging for lots of hospitality brand names since a lot of run their systems with tradition, on-premise innovation,” Valtr informed TNW.
“This hinders a lot development within the sector and restricts the experiences hoteliers can provide to both requiring visitors and staff members who require fast ramp-up times.”
Valtr explains Mews as the “main nerve system” of any hotel operation, managing whatever from handling reservation and checking-in visitors to dealing with payments and supporting the housekeeping group. The start-up provides a versatile and cloud-based platform with over 1,000 combinations in its market, which permit clients to construct a customized tech stack that matches their requirements.
The brand-new financing follows a year of considerable development. Mews had an income boost of over 60% year-on-year and more than 16 million yearly hotel check-ins worldwide.
The start-up likewise got 3 more hospitality business (Frontdesk Anywhere, Hotello, and Nomi), bringing its overall variety of acquisitions to 8. Presently, around 5,000 consumers utilize its platform to handle over 350,000 hospitality areas.
With the fresh capital, Mews will concentrate on its R&D, international growth, and future acquisitions. The round was led by existing financier Kinnevik together with Reavaia, Goldman Sachs Alternatives, Notion Capital, and LGVP.
“We’re really happy to reach [the unicorn] turning point, and to have the support of first-rate financiers, however there is still a lot to do,” Valtr stated, including that it’s”constantlythe first day” for Mews.
Mews is now the 32nd unicorn reproduced in the Netherlands, signing up with the similarity Booking, Adyen, and bunq.