Funding round
Mews Series C
Mews, which works in hospitality management software solutions in Amsterdam, raised $185M in a Series C round announced on 15 Dec 2022, led by Kinnevik and Goldman Sachs Asset Management, at a $865M post-money valuation. 10 firms took part. It is Mews' fourth venture round on record; the one before was a Series B in Aug 2019.
$185M
Amount raised
$865M
Post-money valuation
$680M pre-money
10
Investors
2 leads
21%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Mews at $865M after the new money. The $185M bought investors about 21% of the company. It came 40 months after Mews' Series B. It is 45% of the $412M Mews has raised in the venture rounds on record. Mews raised again 15 months later: a Series D round of $110M in Mar 2024, at $1.20B 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 29 Aug 2019, led by Battery Ventures $33M
- Series C this round 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
Kinnevik and Goldman Sachs Asset Management led the round with 8 other firms.
Lead investors
- Kinnevik backs 55 venture-backed companies new investor
- Goldman Sachs Asset Management new investor
Also in the round
- backs 19 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
- backs 64 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- Thayer Ventures new investor
- backs 16 venture-backed companies new investor
Joined the board: Akhil Chainwala (Kinnevik) and Kirk Lepke (Goldman Sachs Asset Management).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
303 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $53M, and this round was 3.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Dec 2022 | $200M | $2.00B | ICONIQ Growth and GGV Capital |
| Tech Companies | 13 Dec 2022 | $52M | not disclosed | ICONIQ Growth and GGV Capital |
| Tech Companies | 7 Dec 2022 | $45M | not disclosed | Ten Coves Capital |
| Tech Companies | 1 Dec 2022 | $30M | not disclosed | Acorn Capital |
| Tech Companies | 23 Dec 2022 | $25M | not disclosed | DisruptAD and Ischyros New York |
| Tech Companies | 9 Dec 2022 | $19M | $45M | not named |
| Tech Companies | 31 Dec 2022 | $14M | not disclosed | 余杭国投集团 |
| Tech Companies | 7 Dec 2022 | undisclosed | not disclosed | Meridian Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Mews raise in its Series C round?
Mews raised $185M in its Series C round, announced in Dec 2022.
Who led Mews' Series C round?
Kinnevik and Goldman Sachs Asset Management led it, with Revaia, Derive Ventures, Orbit Capital, Battery Ventures and Notion Capital and 3 more.
What was Mews' valuation at the Series C round?
$865M post-money ($680M pre-money).
How does it compare with other Series C rounds in Tech Companies?
303 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $53M, and this round was 3.5 times the median.
Did Mews raise again after this round?
Yes: a Series D round in Mar 2024 of $110M at $1.20B post-money.