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Announced

Completed

Kinnevik and Goldman Sachs Asset Management led a $185m Series C funding round in Mews.

Financials

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Transaction Value£149m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

hospitality technology

Friendly

Software

property management software

Completed

Venture Capital

Private

Private Equity

Minority

Cross Border

United Kingdom

Synopsis

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Kinnevik, a Swedish investment company, and Goldman Sachs Asset Management led a $185m series C funding round in Mews, an innovative hospitality management software provider, with participation from Revaia, Derive Ventures. Orbit Capital, Battery Ventures, Notion Capital, Salesforce Ventures, Thayer Ventures, and henQ. "Our mission is to transform the hospitality industry with cloud solutions that make hospitality more rewarding for everyone. This funding will enable the Mews team to accelerate some very ambitious plans in product & engineering, continue our international expansion and ensure we can serve the most forward-thinking hotel owners and operators in the world," Matthijs Welle, Mews CEO.

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