Orrick has advised Mews' existing investor Salesforce Ventures on the company's recently announced Series C round of USD 185 million. Eldison reportedly advised Mews.
According to Mews, the equity investment announced on December 15 was led by Kinnevik and the Growth Equity business within Goldman Sachs Asset Management with participation from Revaia, Derive Ventures, and Orbit Capital and included returning investors Battery Ventures, Notion Capital, Salesforce Ventures, Thayer Ventures, and henQ. The company also expanded its existing debt facility with Columbia Lake Partners. According to Mews, this latest round brings the total amount raised to date to USD 225 million.
Headquartered in Prague, Mews provides a cloud-based hotel property management platform with tools covering reservations, payments, and others.
“Our mission is to transform the hospitality industry with cloud solutions that make hospitality more rewarding for everyone,” commented Mews CEO Matthijs Welle. “This funding will enable the Mews team to accelerate some very ambitious plans in product & engineering, continue our international expansion, and ensure we can serve the most forward-thinking hotel owners and operators in the world.”
The Orrick team included Partner Shawn Atkinson and Senior Associate Stephen Tallon.