
Dutch unicorn Mews mulls IPO in US amid concerns over support for startups
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Dutch unicorn Mews will most likely list in the US instead of in Europe if the hospitality management company goes public, its CEO and co-founder Matthijs Welle told TNW.An IPO is one of the options that we would consider for the future, and if we were to go down that route, a listing in the US is the most likely option, although it is too early to specify further details regarding a potential listing, Welle said.Most other vertical SaaS companies, who are comparable to us, are listed in the US, where there are deeper capital markets and a strong presence of SaaS-focused investors and analysts.However, Welle stressed that his current priority is growth.The of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!While we have thought about a potential exit, we are currently very focused on and committed to building one of the most exciting hospitality technology brands in the world, he said. Mews, based at TNW City in Amsterdam, has built a cloud-based system that helps hotels and other hospitality businesses handle tasks like booking rooms, checking guests in and out, processing payments, and managing housekeeping. It also provides tools for reporting and analytics.Earlier this month, Mews raised $75mn, bringing its total funding to date to $411mn, according to PitchBook data. To date, the company has acquired 12 competitors as it looks to increase its market share.The scaleup is riding sustained growth in global travel to fuel its expansion. Mews reported 50% year-on-year growth in 2024, processing more than $10bn in payments volume and surpassing $200mn in revenue. Last year, the scaleup also earned unicorn status after raising $110mn at a valuation of $1.2bn.While things are going well at Mews, Welle feels that the Dutch government isnt doing enough to support entrepreneurs. Theres no plan for tech startups, Welle said in a recent interview. That is the biggest problem.Growing concerns over Dutch plans for startupsWelle is not the only Dutch tech leader frustrated with the lack of support for up-and-coming businesses.Robert Vis, co-founder and CEO of Bird, announced last month the companys plans to move most of its operations out of the Netherlands. He didnt mince his words, either.Both The Hague and Brussels enjoy being in meetings and talking more than they get shit done, Vis told TNW, adding that EU policymakers are killing innovation.Job van der Voort, CEO and founder of Remote, an HR platform valued at over $3bn, believes Europe as a whole is not doing enough to nurture the next big tech success stories.Van der Voort also warns that burdensome tech regulation is encouraging moves beyond the continent. Its becoming unattractive to start and maintain a business here, he told TNW last month. Thats why I tell startups to leave Europe if they want to succeed.Van der Voort has followed his own advice. After he and Marcelo Lebre founded Remote in 2019, the partners decided to base the company in San Francisco. It was simply easier to start it there, he said. Story by Sin Geschwindt Sin is a climate and energy reporter at TNW. From nuclear fusion to escooters, he covers the length and breadth of Europe's clean tech ecos (show all) Sin is a climate and energy reporter at TNW. From nuclear fusion to escooters, he covers the length and breadth of Europe's clean tech ecosystem. He's happiest sourcing a scoop, investigating the impact of emerging technologies, and even putting them to the test. Sin has five years journalism experience and holds a dual degree in media and environmental science from the University of Cape Town, South Africa. Get the TNW newsletterGet the most important tech news in your inbox each week.Also tagged with
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