[Funding News] Mews Secures $100 Million Funding from Vista Credit Partners

Vista Credit Partners, a strategic credit and financing partner concentrating on the business software, data, and technology markets, recently announced a $100 million investment in Mews, the industry-leading hospitality cloud.

The $15.5 trillion worldwide travel and tourism industry is rapidly adopting cloud computing, and Mews hopes to further solidify its leadership position in the market by strengthening its M&A program and accelerating its expansion with this new funding.

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Mews Ventures, the company’s corporate development and investment arm, has already purchased nine hospitality businesses. To speed up the technological revolution in the hospitality sector, Mews Ventures will keep funding teams and technology.

“Hospitality at its core is a human industry, and we are relentlessly focused on driving cloud technology which empowers staff to disconnect from their screens and focus on their guests. We have a huge opportunity to support the world’s most revolutionary hospitality brands to accelerate their digital transformation,” Matt Welle, CEO of Mews, commented. “Receiving financing from an experienced enterprise software investor, like Vista Credit Partners, enables us to expedite our efforts. By investing in both our organic and inorganic growth, we will completely reshape the way hospitality is delivered.” 

Richard Valtr, Founder of Mews, commented, “The market is ripe for consolidation. Having successfully acquired nine companies to date, the funds from Vista Credit Partners further progress our position to continue investing in M&A via our investment and corporate development arm, Mews Ventures.”

Mews has also persisted in introducing cutting-edge features to its products, such as its AI-powered smart search that offers consumers a contextually rich intelligent assistant and its next-generation Mews Kiosk system that has allowed hotels to reduce check-in times by a third.

About Mews 

Mews is the leading platform for the new era of hospitality. Powering over 5,500 customers across more than 85 countries, Mews Hospitality Cloud is designed to streamline operations for modern hoteliers, transform the guest experience and create more profitable businesses.