The London Technology team advised Kinnevik on its investment into Mews Systems as part of an $185 million Series C round giving the company a post-money valuation of $865 million. The Series C financing 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.
Kinnevik is a Swedish investment company that is listed on Nasdaq Stockholm and aspires to be Europe’s leading listed growth investor.
Mews operates a property management and payments system designed to simplify and automate operations for modern hotels and their guests covering booking engine to check-out, and front desk to revenue management.
The Goodwin team was led by Sophie McGrath and Lucy Thomas.
For additional details on the financing, please see the coverage in TechCrunch.