Mews raises $300m Series D at $2.5bn valuation to push AI in hotels

The Amsterdam-based hospitality software company Mews has closed a $300 million Series D round led by EQT Growth, lifting its valuation to $2.5 billion. The deal, announced in January, ranks among the largest ever for a European travel-technology firm and signals that investors still see room to back AI-driven tools for an industry that has been slow to modernise.

New backers Atomico and HarbourVest Partners joined the round. Returning investors Kinnevik, Battery Ventures and Tiger Global also took part. That same group, plus Goldman Sachs, had already backed Mews in an earlier round last year.

The company was founded in Prague in 2012 and is now based in Amsterdam. It builds cloud software that hotels use to manage bookings, check-ins, payments and other operations in one system.

What the money buys

The new capital will go into artificial intelligence, the company said, building what it calls agent-driven systems meant to automate routine hotel workflows and cut the manual load on front-desk and back-office staff. It also plans to grow Mews Payments, its fintech arm, and to keep expanding in North America and Europe while testing new markets.

The raise comes shortly after Mews closed its fourteenth acquisition, buying generative AI analytics platform DataChat. That pace of dealmaking points to a company trying to bundle more of a hotel's technology stack under one roof, rather than leaving operators to stitch together separate booking, payment and analytics tools.

CEO Matt Welle framed the round as fuel for that strategy rather than a one-off cash injection.

"We are engineering an operating system that is changing how hoteliers interact with their guests," Welle said. "Mews exists to handle the operational complexity so hoteliers can focus on what matters: making hospitality even more fun, profitable, and fulfilling."

Founder Richard Valtr pointed to demand on both sides of the Atlantic as validation for the approach.

Valtr said demand for the product was clear on both sides of the Atlantic, and that Mews was moving ahead of rivals on AI and automated, or agentic, hospitality tools.

A rare scale for European hospitality tech

The company says it now serves roughly 15,000 properties and more than 132,000 monthly active hoteliers across 85 countries. Payments processed through its platform reached $19.7 billion in 2025. Gross profit from its subscription software grew 55% over the same period.

It also credited a feature called Mews Spaces, which lets hotels sell more than just rooms, such as meeting rooms or event space. That tool generated $537 million in extra revenue for hotel customers last year, through more than two million non-room bookings. The company's self-service check-in kiosks handled 3.2 million of its 42.3 million check-ins in 2025, a sign of how much of the guest journey it is trying to automate.

Kirk Lepke, a partner at EQT Growth, said the hospitality industry's core software has lagged other sectors for years and argued Mews is building the modern standard to replace it. That is the pitch behind the sector's wider wave of consolidation, as hotel groups look to cut the number of disconnected systems running their properties.

For founders elsewhere in European travel tech, the round signals that late-stage investors still write large cheques for companies with real usage numbers, not just an AI story. Mews' next test is whether its push into automation and payments keeps growth rates up as it moves into new markets. It is also an open question whether the hospitality sector's largest-ever software round marks a high point or the start of a wider run of mega-deals.