Hotel tech specialist Mews has raised €6 million in funding to continue its “aggressive” expansion plans.
London-based Mews offers cloud-based property management software to hotels and other accommodation providers designed to automate back office functions.
The new round of investment is being led by technology-focused UK venture capital firm Notion, with further backing from HenQ Capital Partners and Thayer Ventures.
Mews says the money will be used to open further offices around the world as it looks to accelerate the growth of its customer base.
The firm’s hotel management platform offers automated solutions in areas such as online check-in and payments, booking management and staff training. Third-party tools and apps can also be connected to the open platform through APIs.
Former hotelier Richard Valtr, who founded Mews in 2012, says:
“We want to build the nervous system for hotels that all apps and tools for both guests and hosts can be plugged into.
“This new capital injection into Mews will facilitate our aggressive expansion plans and help us take the hotel industry, and hosting more widely, into the future.”
Mews has already undergone a major expansion over the past year – increasing its markets from 10 to 35 countries and expanding operations from one office with 25 staff to three locations and 80 employees.
Matthijs Welle, CEO of Mews, adds:
“This new round of funding gives us the firepower required to capitalise on the momentum we have built ever since Mews was founded six years ago.”
Notion specialises in backing startup businesses in the B2B cloud and software as a service (SaaS) sectors. It is also an investor in Triptease, a direct booking platform for hotels.
Jos White, general partner at Notion, said: “We think the hotel industry is at a tipping point in terms of the way it uses technology to better manage their operations and transform the guest experience.
“We also believe that Mews can be a catalyst to this transition in an industry that has been slow to change.”
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Mews Systems captures €1.5 million to boost development of hotel IT system