Mews, a startup selling hotel management software, earned unicorn status with its latest $110 million funding. The funding round placed a $1.2 billion value on the startup.
The founder of Mews said late last year that there were more acquisitions in the pipeline. Here's the first since then, with no signs that it will be the last.
Raising $185 million in hotel tech at all, especially in this economic climate, is an endorsement of the product Mews has built — but more importantly shows the potential investors see in modernizing the market at this precise time.