Mews raises $ 100 million in new funding from Vista Credit Partners

Mews, the leading hospitality cloud, today announced that it has secured $100 million in funding from Vista Credit Partners, the subsidiary of Vista Equity Partners and a strategic lending and financing partner focused on the enterprise software, data and technology markets.

With the implementation of cloud technology accelerating in the $15.5 trillion global travel and tourism industry, this new funding will support Mews' growth and strengthen its M&A programme to further solidify the company's position as a market leader. The company's investment and business development arm, Mews Ventures, has acquired nine hospitality companies so far and will continue to invest in technology and teams to accelerate technology transformation across the hospitality sector.

"Hospitality is primarily a human sector, so we are constantly focusing on developing cloud technology that allows employees to break free from their screens and really focus on their guests. We have a great opportunity to support the world's most revolutionary hospitality brands in accelerating their digital transformation." Matt Welle, CEO of Mews, commented. "Receiving funding from an experienced enterprise software investor like Vista Credit Partners allows us to accelerate this process. By investing in both our organic and inorganic growth strategies, we can completely transform the way hospitality is delivered."

Richard Valtr, founder of Mews, said, "The market is ripe for consolidation. After the successful acquisitions of nine companies so far, Vista Credit Partners' funding boosts our position to continue investing in M&A with Mews Ventures."

Over the past year, Mews has shown considerable momentum and continued growth, with the following milestones achieved in the process:

Mews has also continued to add innovative product features, from an AI-powered smart search function to provide users with a context-rich, intelligent assistant to the next generation of the Mews Kiosk, which has reduced the time hotels spend on check-ins by a third.

Amy Mathews, managing director at Vista Credit Partners, added: "As an integrated property management system for hospitality brands around the world, Mews' cloud-based platform helps automate operational, business and payment processes while empowering staff to deliver the best possible guest experiences. We are delighted to provide Mews with a flexible capital solution specifically tailored to its ambitious growth plans while driving team transformation in the rapidly digitising global hospitality sector."