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, Richard Bloomfield and Lucy Thomas.
For additional details on the financing, please see the coverage in TechCrunch.