Funding round
Mews Series B
Mews, which works in hospitality management software solutions in Amsterdam, raised $33M in a Series B round announced on 29 Aug 2019, led by Battery Ventures. 1 firm took part. It is Mews' third venture round on record; the one before was a Series A in Jun 2018.
$33M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Mews did not disclose a valuation in this round. It came 14 months after Mews' Series A. It is 8.0% of the $412M Mews has raised in the venture rounds on record. Mews raised again 40 months later: a Series C round of $185M in Dec 2022, at $865M post-money.
Mews' funding rounds
Mews has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Nov 2016, led by Axivate Capital $1.6M
- Series A 5 Jun 2018, led by Notion Capital $7.0M
- Series B this round 29 Aug 2019, led by Battery Ventures $33M
- Series C 15 Dec 2022, led by Kinnevik and Goldman Sachs Asset Management $185M$865M post-money
- Series D 4 Mar 2024, led by Kinnevik $110M$1.20B post-money
- Debt not a venture round 26 Sep 2024, led by Vista Equity Partners $100M$1.00B post-money
- Growth 4 Mar 2025, led by Tiger Global $75M
Investors
Who put money in
Battery Ventures led the round.
Lead investor
- Battery Ventures backs 215 venture-backed companies new investor
Joined the board: Sanjiv Kalevar (Battery Ventures) and Michael Brown (Battery Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
513 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $22M, and this round was 1.5 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Aug 2019 | $40M | not disclosed | Sutter Hill Ventures |
| Attentive Tech Companies | 12 Aug 2019 | $40M | not disclosed | Sequoia Capital |
| Tech Companies | 26 Aug 2019 | $39M | not disclosed | HPE Growth |
| Tech Companies | 31 Aug 2019 | $37M | not disclosed | Sozo Ventures |
| Tech Companies | 6 Aug 2019 | $33M | not disclosed | Arrowroot Capital |
| Tech Companies | 22 Aug 2019 | $26M | not disclosed | aMoon |
| Tech Companies | 7 Aug 2019 | $26M | not disclosed | Intel Capital and Celesta Capital |
| Tech Companies | 27 Aug 2019 | $20M | not disclosed | OpenView |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Mews raise in its Series B round?
Mews raised $33M in its Series B round, announced in Aug 2019.
Who led Mews' Series B round?
Battery Ventures led it.
What was Mews' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
513 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $22M, and this round was 1.5 times the median.
Did Mews raise again after this round?
Yes: a Series C round in Dec 2022 of $185M at $865M post-money.