Hospitable Announces Major Upgrades to Financial Tools, Including QuickBooks Integration and New CPA
🏨 Mews, a hospitality technology platform, raised $75 million in a funding round led by Tiger Global, with participation from Kinnevik, Goldman Sachs Growth Equity, and Battery Ventures. The investment aims to fuel Mews' expansion in the U.S. and DACH regions, enhance AI-powered revenue management, and support strategic acquisitions. In 2024, Mews grew by over 50% year-on-year, processed $10 billion in payments, and generated $200 million in revenue, achieving 20% market penetration in DACH. The company doubled its revenue in North America, the number of brands using Mews, and the rooms managed on its platform, outperforming established U.S. PMS players. The firm has invested over $50 million in the U.S. market in recent years, with a long-term global growth strategy.
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