Mews secures $100 Million for more M&A
Many small hotel technology companies face intense competition and limited funding, making consolidation a smarter option than operating independently
Amsterdam-based Mews offers a property management system for hotels that covers tasks such as check-in/check-out, guest management, and housekeeping, with a customer base consisting primarily of independent hotels.
Key takeaways
- "The market is ripe for consolidation," Mews said, noting that it has acquired nine companies so far. With funding from Vista Credit Partners, the company plans to continue expanding through M&A via its investment arm, Mews Ventures;
- Adam Harris, CEO of Mews' competitor Cloudbeds, explained why his company avoids M&A as a growth strategy, saying that mergers consume resources that could be used to improve their core product and can disrupt customers during technology transitions;
- Mews has raised $335 million in venture capital from investors including Goldman Sachs Alternatives, Kinnevik and Revaia.