December 2022 – Kinstellar M&A and TMT specialists in the Czech Republic have successfully advised Swedish company Kinnevik Online AB on its investment into Mews Systems as part of a USD 185 million Series C financing round, which gives the company a post-financing valuation of USD 865 million.
The Series C round was co-led by Kinnevik and the growth equity business within Goldman Sachs Asset Management and also included new backers Revaia, Derive Ventures and Orbit Capital, as well as previous investors Battery Ventures, Notion Capital, Thayer Ventures and henQ.
Based in Prague and Amsterdam, Mews operates a leading property management and payments system designed to simplify and automate operations for modern hotels and their guests, covering online booking engines to check-out and front-desk to revenue management. Mews’ property management software currently powers over 3,000 of the world’s top hospitality brands, making the company one of the most promising Czech start-ups.
Kinstellar advised Kinnevik throughout the due diligence process on intellectual property and employment law related matters.
The Kinstellar team in Prague was led by Jan Juroška (Partner) and included Martina Mazůrková (Senior Associate), Petr Bratský (Managing Associate) and Ján Paľko (Junior Associate).