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Sweden's Kinnevik is leading a 100 million euro investment round in Dutch company Mews, which provides automation technology for hotels.

Other investors in this round are Revaia, Goldman Sachs Alternatives, Notion Capital and LGVP. They value the company at 1.1 billion euros.

The cloud company, because that's how they position themselves toward the hospitality industry, is using the new money for international growth acceleration, R&D and acquisitions. To date, it has made eight acquisitions since its founding in 2012.

Users of the originally Czech technology can use it to manage locations, including marketing and handling payments. It has links to hundreds of online services widely used in the hotel business.

In 2016, it attracted one and a half million euros in growth money from investor Axivate Capital. That was also a shareholder in Emerce at the time. In late December, 185 million was added from Kinnevik, Notion, Salesforce Ventures, Thayer Ventures and henQ, among others.

Mews handled eight billion euros worth of payments for its customers last year and brokered 16 million check-ins.

Photo: K.H. Reichert (cc)

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