Worldwide: Operating system Mews has raised $300 million in Sequence D funding led by EQT Progress with new traders Atomico and HarbourVest Companions.
The funding values Mews at $2.5 billion.
Present traders Kinnevik, Battery Ventures and Tiger World additionally participated within the Sequence D spherical.
The funding will increase Mews’ investments in synthetic intelligence (AI), together with the rollout of agent-driven programs throughout the platform and the automation of workflows.
Mews can even speed up the growth of Mews Funds and its broader fintech infrastructure.
“With EQT Progress becoming a member of along with new traders Atomico and HarbourVest, now we have the backing to proceed transferring sooner than anybody else within the trade,” mentioned Matt Welle, CEO of Mews. “We’re engineering an working system that’s altering how hoteliers work together with their company. Mews exists to deal with the operational complexity so hoteliers can concentrate on what issues: making hospitality much more enjoyable, worthwhile, and fulfilling.”
Richard Valtr, founding father of Mews, added: “Hospitality is the enterprise of experiences. The validation for our product from the market is evident, in each the US and Europe, and it’s nice to see how we at the moment are powering forward of another hospitality firm by way of AI and agentic hospitality. It’s an thrilling time to bolster our imaginative and prescient of creating Mews accommodations essentially the most worthwhile within the trade.”
Kirk Lepke, accomplice at EQT Progress, mentioned: “I’ve had the pleasure of attending to know the Mews crew for a number of years and witness the corporate go from a daring imaginative and prescient to an organisation delivering at scale. Hospitality is without doubt one of the world’s largest industries, but its core programs stay a long time behind. Mews is creating a contemporary expertise commonplace, an AI-enabled hospitality working system that helps clear up the fragmentation we see within the trade. We at EQT Progress are extremely excited to steer this spherical and accomplice with Mews.”
Laura Connell, accomplice at Atomico, mentioned: “Matt and Richard have constructed a category-defining platform with the depth, tempo of innovation and international attain required by trendy hospitality. Probably the most bold builders in hospitality are centered on delivering ever-improving experiences for his or her finish shoppers, they usually want expertise that may hold tempo with rising expectations round velocity, service and personalisation. Mews is the important thing enabler for the way forward for hospitality, and the crew is effectively on their option to constructing a generational firm.”
Highlights:
- Mews has secured $300 million in Sequence D funding led by EQT Progress, valuing the corporate at $2.5 billion
- New traders Atomico and HarbourVest Companions joined the spherical alongside present backers Kinnevik, Battery Ventures and Tiger World
- The funding will speed up funding in synthetic intelligence, together with agent-driven programs and workflow automation, in addition to scaling Mews Funds
