Czech hotel tech company Mews secures CZK 1.8 billion investment

Czech hotel reservation management provider Mews has secured a $75 million investment (approximately CZK 1.8 billion) from US investment firm Tiger Global. The company plans to use the funding to expand its presence in the United States as well as in Germany, Austria, and Switzerland.

Mews, which became a startup unicorn last year with a valuation exceeding $1 billion, aims to accelerate innovation and pursue strategic acquisitions. Founder Richard Valtr highlighted Tiger Global’s experience with high-growth technology companies in the US, such as Toast, Procore, and ServiceTitan, as a key factor in selecting the firm as a partner for Mews’ next phase of growth.

Last year, Mews’ revenue grew by approximately 50% to around $200 million (CZK 4.6 billion), with processed payments reaching $10 billion. The company’s customer base in North America doubled, while its market share in Germany, Austria, and Switzerland increased to 20%.

According to Tiger Global’s Sara Eadie, the partnership will support Mews’ expansion in North America and reinforce its position in the global hospitality technology sector.

In recent months, Mews has made strategic acquisitions, including Swedish revenue management software developer Atomize and French event technology firm Quotelo. Last March, Mews raised $110 million, bringing its valuation to $1.2 billion, making it one of the Czech Republic’s unicorn startups, alongside Rohlík and Productboard.

Founded in 2012 by former hotelier Richard Valtr, Mews provides cloud-based hospitality management solutions used by hotels in more than 85 countries. The company has offices in Europe, the United States, and Australia.

Source: CTK
Photo: Richard Valtr - Mews