Mews Systems BV, a Dutch startup that develops software and payment terminals for hotel operators, has raised $300 million in funding.
The corporate stated on Thursday that EQT Growth led the Series D round. It was joined by Atomico, HarbourVest Partners, Kinnevik, Battery Ventures and Tiger Global. Mews is now valued at $2.5 billion.
The investment follows a 12 months by which the corporate processed greater than $19 billion value of transactions through its hotel management platform. The software enables resort operators to embed a room booking widget of their web sites. In line with Mews, guests can place reservations in 4 steps and avoid the fees charged by online travel agencies.
A feature called Mews Spaces allows hotel operators to supply not only rooms but in addition various add-ons. A resort can sell access to meeting rooms, gyms and other spaces on an hourly basis. It’s also possible to supply monthly memberships, which hotel operators can promote to not only tourists but in addition local consumers. Mews says that Mews Spaces generated $537 million in additional revenue for patrons last 12 months.
The corporate also offers several other purchase management features as a part of its platform. One tool eases the duty of generating quotes for events, while one other enables restaurant guests to position orders via a mobile app. Moreover, Mews provides payment terminals that make it possible to just accept bank cards on the front desk.
Typically, hotel operators use different payment tools to bill items comparable to restaurant orders and parking spots. That sometimes requires them to issue multiple bills. Mews’ says that its software enables corporations to charge all of a guest’s purchases to a single bill, which streamlines the shopper management workflow.
The platform also guarantees to ease other features of a hotel’s day-to-day operations. A tool called Atomize can routinely adjust room rates based on demand signals and competitor pricing, while a scheduling dashboard enables resort staff to trace reservations centrally.
Mews will use the proceeds from its funding round to reinforce its platform. In line with the corporate, the event effort will place particular emphasis on constructing latest artificial intelligence and payment processing features. In parallel, it plans to bring its platform to more international markets.
It’s possible the corporate can even use the funding to make acquisitions. Mews closed its most up-to-date purchase, an information analytics startup called DataChat Inc., a number of weeks ago. It earlier acquired greater than a dozen other software corporations.
Image: Mews
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