Mews, a hospitality technology firm, has closed its Series C round at $185 million.
The equity investment was led by Kinnevik and the Growth Equity business within Goldman Sachs Asset Management, with participation from Revaia, Derive Ventures and Orbit Capital and returning investors including Battery Ventures, Notion Capital, Salesforce Ventures, Thayer Ventures and henQ. Mews also expanded its existing debt facility with Columbia Lake Partners. This latest round brings the total amount raised to date to $225 million. The funding will be used to accelerate product innovation, global expansion and M&A.
The fundraising caps a year of significant growth for Mews; revenue is more than 174 percent higher year-over-year, and gross payment volume increased 227 percent year-over-year to $2.3 billion. Customers include Nordic Choice, Accor, The Social Hub, Les Airelles, Life House, Pandox and Generator-Freehand.
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