Funding round
Mews Series D
Mews, which works in hospitality management software solutions in Amsterdam, raised $110M in a Series D round announced on 4 Mar 2024, led by Kinnevik, at a $1.20B post-money valuation. 5 firms took part, 4 of them already investors. It is Mews' fifth venture round on record; the one before was a Series C in Dec 2022.
$110M
Amount raised
$1.20B
Post-money valuation
$1.09B pre-money
5
Investors
1 lead
1.4x
Step-up from the Series C
$865M in Dec 2022
9.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Mews at $1.20B after the new money, 1.4 times the $865M of its Series C (Dec 2022). The $110M bought investors about 9.2% of the company. It came 15 months after Mews' Series C. It is 27% of the $412M Mews has raised in the venture rounds on record. Mews raised again 12 months later: a Growth round of $75M in Mar 2025.
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 15 Dec 2022, led by Kinnevik and Goldman Sachs Asset Management $185M$865M post-money
- Series D this round 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 led the round with 4 other firms. Kinnevik, Revaia, Goldman Sachs Alternatives and Notion Capital had backed Mews before.
Lead investor
- Kinnevik backs 55 venture-backed companies existing investor
Also in the round
- backs 19 venture-backed companies existing investor
- Goldman Sachs Alternatives existing investor
- backs 64 venture-backed companies existing investor
- LGVP new investor
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
91 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $90M, and this round was 1.2 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Mar 2024 | $100M | $750M | One Peak |
| Glean Tech Companies | 26 Feb 2024 | $200M | $2.20B | Kleiner Perkins and Lightspeed Venture Partners |
| Island Tech Companies | 30 Apr 2024 | $175M | $3.00B | not named |
| Tech Companies | 4 Apr 2024 | $145M | not disclosed | ICONIQ Growth |
| ThreatLocker Tech Companies | 24 Apr 2024 | $115M | not disclosed | General Atlantic |
| Tech Companies | 1 Feb 2024 | $100M | $1.70B | Presight Capital |
| Tech Companies | 21 Feb 2024 | $75M | not disclosed | Sutter Hill Ventures |
| Tech Companies | 3 Apr 2024 | $60M | not disclosed | L Catterton |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Mews raise in its Series D round?
Mews raised $110M in its Series D round, announced in Mar 2024.
Who led Mews' Series D round?
Kinnevik led it, with Revaia, Goldman Sachs Alternatives, Notion Capital and LGVP.
What was Mews' valuation at the Series D round?
$1.20B post-money ($1.09B pre-money).
How does it compare with other Series D rounds in Tech Companies?
91 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $90M, and this round was 1.2 times the median.
Did Mews raise again after this round?
Yes: a Growth round in Mar 2025 of $75M.