Richard Valtr, founder of startup Mews.
| photo: mews
The Zskan financing fulfills Mews’ commitment to accelerating product innovation, global expansion and new acquisitions.
In all investment rounds to date, Mews has received $225 million. Our mission is to transform the hospitality industry with the help of cloud computing into a more beneficial form for all parties. The investor’s money will enable our team to accelerate some things in the product and development area, continue international expansion and thus ensure that we can continue to partner with the most progressive hotel owners and operators in the world, per Mews founder Richard Valtr.
Investors thus estimated the company’s price at around USD 865 million (SEK 19.7 billion), thus placing Mews below the imaginary USD one billion threshold, which is why the company is considered a one-year company. Valtr vak u na jae said in an interview for iDNES.czand milliardov status pro nj nen klov.
Mews has managed to close the current investment round at a time when the world’s highest inflation has not been seen in a long time and the economy is facing the onset of recession. Technology stocks they’ve lost a lot on the stock market this year and for many companies it was difficult to get a valuation. And while software companies offering cloud services have been among the most resistant, Mews editor-in-chief Matthijs Welle announced that talks with debt and debt investors had been concluded.
Zskan’s retirement is now expected to last at the company for around two and a half years. Then it will come to the fore whether to go on an investment tour or enter the stock market, Valtr told Bloomberg.
The hotel industry and world tourism are returning to the two villages post covid, and this too will help Mews grow. We are seeing big changes in the industry, more technology is being used to modernize and make operations more efficient. Our clients use Mews Hospitality Cloud to build sustainable and profitable business models. Thanks to the investment, we will be able to continue research and financial development. We will be introducing a number of exciting new products over the coming quarters, adds Richard Valtr.
According to Welle, the new products should help hotel operators better manage payments or internet bookings.
