09/2019 Mews Raises $33 Million to Challenge Oracle Hospitality in Hotel Tech
Mews, a hotel tech vendor, said Thursday it had raised $33 million in funding from Battery Ventures, a top-tier Silicon Valley firm whose bet represents the first serious validation of a wave of hotel tech startups.
These companies are offering the first property management systems built for the internet era. The property management system provides the record-keeping heart of hotel front-desk check-in, check-out, and payment. The systems are critical for shepherding hoteliers through today’s digital transformation.
Battery Ventures’ Series B investment raises the risk of a reckoning for Oracle Hospitality. Oracle acquired the world’s most widely used property management system in 2014. But the tech titan fumbled the integration. Its rebound depends on mastering more of the high-momentum ways of startups.
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