Dutch hotel tech unicorn Mews bags $100M to fuel acquisition spree

Quick Summary:

Vista Credit Partners, the credit-investing arm of tech-focused private equity firm Vista Equity Partners, dished out the funding.  Mews, based at TNW City, has built a cloud-based system that helps hotels and other hospitality businesses manage their daily operations more efficiently.

Amsterdam-based scaleup Mews has bagged $100mn in credit financing as it looks to swallow up competitors and become a market leader in SaaS software for the hospitality industry.

It handles tasks like booking rooms, checking guests in and out, processing payments, managing housekeeping, and providing tools for reporting and analytics.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsSouth Africa

Topics: Startups and technology Investors and funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 09:50:10 (1 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 22744018

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