Hospitality management software provider Mews has raised $300 million in a Series D round, bringing the company’s valuation to $2.5 billion.
Mews said the capital will be use to further invest in artificial intelligence (AI) and fintech.
EQT Growth led the round, with participation from new investors including Atomico and HarbourVest Partners and existing partners including Battery Ventures, Tiger Global and Kinnevik.
Richard Valtr, founder of Mews, told PhocusWire that the funding comes at a pivotal point for the hospitality industry.
“Hotels are under pressure from labor shortages and rising costs, while guests expect faster, more personalized experiences. At the same time, AI is maturing and is moving into core systems where it can coordinate decisions across revenue, operations and the guest journey in real time,” he said.
“This round lets Mews accelerate the platform foundations that make that future real in hospitality—not as a bolt-on but embedded into the operating system.”
Capital to support AI, fintech, expansion
Mews said it will expand its AI investments and its fintech capabilities with the additional backing.
On the AI side, funding will help incorporate agent-driven systems across the platform to help automate workflows, improve guest experience and speed up product development and deployment.
“This funding accelerates our evolution into the operating system for hospitality: the layer that orchestrates everything from check-in and housekeeping to revenue and payments in one connected flow,” Valtr said.
The company also plans to extend Mews Payments and its fintech infrastructure.
“The funding will allow us to position Mews as the connector between experience and revenue by accelerating Mews Payments and our broader fintech infrastructure,” Valtr said.
“We’re embedding commerce into the operating layer: so that every transaction, from booking to checkout to upsell, flows seamlessly through the guest journey. Long term, we see fintech not just as a feature but as a foundational layer of the hospitality platform. It’s how we help hotels unlock new revenue, reduce friction and better serve guests at every touchpoint.”
Additionally, Mews plans to continue expansion into North America, Europe and new markets. Valtr said that North America, particularly the U.S., and Europe are priority for Mews. He did not specify the new regions Mews is interested in but said others will be considered based on fit and market readiness.
Plans to scale
Right now, Valtr said that his team is focused on using the latest cash influx to scale. This round gives Mews runway, but he’s not against from future funding if the right opportunity comes up. Valtr cited accelerating expansion, consolidating the market or deepening product capabilities as potential areas of opportunity.
“We’ll evaluate based on progress, market conditions and long-term impact, not an arbitrary timeline,” he said.
The company raised $75 million in March for its geographic expansion, also announcing $100 million in September 2024 and $110 million in March 2024. In December 2022, Mews closed its Series C round with a $185 million raise. It raised $33 million for its Series B in 2019.
Like future funding, further acquisitions are not off the table, according to Valtr.
“We stay open to acquisitions that accelerate the value of the Mews operating system, whether by deepening product capabilities, expanding geographic reach or accelerating strategic growth,” he said. “But we’re disciplined: Any acquisition must create long-term value for our customers and investors and compound the strength of our platform.”
Most recently, Mews acquired DataChat, which specializes in natural language processing, for an undisclosed amount. The acquisition was its fourteenth.
Last January, Mews acquired Clarity Hospitality Software Solutions. It also picked up Quotelo and Atomize in November 2024 and acquired HS3 Hotelsoftware in May 2024.