Skift Take
The hotel tech market is ripe for consolidation, and Mews wants to take advantage.
Hotel tech startup Mews said Thursday that it has secured $100 million in venture credit to fuel more acquisitions.
The loan comes from Vista Credit Partners, the subsidiary of Vista Equity Partners with over $8.1 billion in assets.
Amsterdam-based Mews primarily provides a property-management system for hotels, which handles operations like check-in and check-out, guest management, and housekeeping. Its clients are mostly independent hotel companies.
Mews has announced nine acquisitions so far. And founder Richard Valtr told Skift