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Revaia increases its funding in Mews

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Revealed on 05/03/24, Updated on 0 hours ago

Mews, an organization offering cloud choices for the hotel industry, on the present time announced that it has raised $110 million, with the participation of Revaia, Kinnevik and Goldman Sachs That you just might think of selections.

Revaia, a specialist in investing in guilty innovation, had already invested in Mews in its earlier spherical of financing in December 2022. Mews is now valued at 1.2 billion dollars. These original funds will allow Mews to proceed its world expansion, finance its research and pattern, and abet its acquisition technique, with the aim of helping hotel groups with their digital transition.

Based in 2012 by Richard Valtr, Mews supplies cloud choices for the hotel industry. The platform is presently utilized by bigger than 5,000 possibilities worldwide, together with Les Airelles, Accor and Inwood Accommodations. In France, Mews will more than doubtless be a partner of Relais & Châteaux, managing over 580 accommodations and restaurants.

The stability of the commute sector and the amplify in occupancy rates personal enabled Mews to revel in a file year:

  • Gross sales grew by 60% worldwide and by bigger than 50% in France,
  • The resolution of French possibilities using Mews has elevated by 200%,
  • Bigger than 900,000 beds in France are managed via the platform, with bigger than 750 possibilities,
  • Mews has made three acquisitions (Frontdesk Any place, Hotello and Nomi), bringing its total resolution of acquisitions in the hotel sector to eight.

“The hotel industry has long been dominated by former methods. With increasing keep a query to for contemporary abilities choices, the sphere is now on the cusp of a revolution. Mews is leading this transformation with its cloud platform. The corporate works with a pair of of the sphere’s leading hotel manufacturers and has experienced rapid enlighten in France and internationally since our first funding. We are happy to proceed to abet the management crew in its subsequent portion of pattern. – Morgan Kessous, Partner at Revaia

“We are seeing a elementary shift in the blueprint the big names in hospitality are accelerating their digital transformation and rethinking their industrial mannequin. This enables us to proceed to innovate, and we are in a position to count on an excellent crew to attain so. In 5 years’ time, the blueprint manufacturers work along with possibilities can personal fully changed, and Mews will more than doubtless be leading the blueprint.” – Richard Valtr, founder of Mews

“This funding validates now no longer most efficient our imaginative and prescient, nonetheless also the dedication of our crew, the have confidence of our possibilities and the commitment of our merchants, without whom we would now no longer be the put we’re on the present time. The increasing adoption of cutting-edge applied sciences by hoteliers positions us ideally to again these mavens optimise their operations, maximise their revenues and personalise the customer trip.” – Matthijs Welle, CEO of Mews

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