Backing the Future of Hospitality: Why EQT Growth Led Mews' $300M Series D

· ai · Source ↗

TLDR

  • EQT Growth led a $300M Series D in Mews at a $2.5B valuation, backing a cloud-native hospitality OS now serving 15,000+ hotels across 85 countries.

Key Takeaways

  • Mews generated over $350M gross revenue in 2025, processed $20B in platform transaction volume, and processed 42.3M checked-in reservations.
  • The platform has expanded from a cloud PMS into payments, POS, revenue management, housekeeping, and analytics, all on an API-first architecture.
  • Mews Spaces generated $537M in additional revenue for hoteliers via non-room reservations, with 2M+ bookings driving that figure.
  • Key enterprise customers include Best Western, Choice Hotels, and Magnuson, marking a shift upmarket from the independent/boutique hotel origin.
  • The recent acquisition of DataChat, a generative AI analytics platform, deepens Mews’ semantic data layer built from normalized cross-system hotel data.

Why It Matters

  • Vertical SaaS rarely expands geography, customer segment, and product scope simultaneously at scale; Mews is one of few doing all three with validated enterprise traction.
  • EQT Growth will fund AI agent deployment across operations and revenue optimization, fintech scaling via Mews Payments, and deeper North America and European expansion.
  • The $2.5B valuation and 55% accelerating SaaS gross profit growth position Mews as a benchmark for what a category-defining hospitality OS can look like.

· 2026-04-01 · Read the original

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