Mews, an Amsterdam-based hotel cloud startup, has secured a $100 million credit facility from Vista Credit Partners, a subsidiary of Vista Equity Partners.
The investment, coordinated by American Black billionaire Robert Smith, will accelerate Mews’ expansion through strategic acquisitions to control the fragmented hotel technology market. This funding comes after Mews’ $110 million Series-C funding round in March 2024, which valued the company at $1.2 billion.
Robert Smith, known for his leadership in the business software and technology investment sector, is a key figure in Vista Equity’s financing of Mews. Vista Credit Partners, led by Smith, specializes in providing financial support to enterprise software companies, and their recent investment will help Mews expand its products. With over 5,500 hotel clients in 85 countries, Mews is a major participant in the hospitality technology market, providing cutting-edge cloud-based property management solutions.
Mews, founded by Richard Valtr, has emerged as a major player in the hospitality technology market, employing technology to improve hotel operations. With Robert Smith and Vista Equity Partners on board, Mews is ready to accelerate its ambitious mergers and acquisitions (M&A) plan. Mews Ventures, the company’s M&A arm, has previously purchased nine startups in the hotel technology sector, expanding its product portfolio.
Robert Smith’s investment demonstrates his belief in Mews’ capacity to drive industry consolidation. Mews can offer a more comprehensive platform for hotel management by acquiring smaller tech providers, giving it a significant edge as hotels want integrated solutions. This acquisition-driven expansion is critical in a competitive market as Mews competes against both established firms and young entrepreneurs.
While Vista Equity’s $100 million investment provides Mews with the financial resources to pursue aggressive growth, the company faces hurdles in data security, privacy, and talent recruiting.
With hotels becoming more reliant on cloud-based technologies, protecting sensitive guest data is crucial to preserving confidence. Robert Smith’s leadership in guiding Mews through these obstacles will be critical in keeping the company ahead of changing industry expectations.
Robert Smith’s leadership at Vista Equity Partners, paired with Mews’ breakthrough technology, positions the company for long-term success. As the hospitality sector embraces digital transformation, Smith’s support will assist Mews in shaping the future of hotel operations and guest experiences worldwide.