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By Nishang Narayan
Published on October 12, 2024
Mews, the leading cloud SaaS and fintech platform for the hospitality industry, has announced the appointment of Steve Cakebread to its board. Cakebread, renowned for his role in taking Salesforce, Pandora, and Yext public, brings a wealth of experience to Mews as it continues its rapid growth in the hospitality tech space.
Cakebread is the author of The IPO Playbook: An Insider’s Perspective on Taking Your Company Public and How to Do It Right and currently serves on the board of Bill.com, which went public in December 2019. He has also held leadership roles at SolarWinds, eHealth, Autodesk, and Hewlett-Packard.
Commenting on Cakebread's appointment, Matt Welle, CEO of Mews, said, “Steve’s capital markets expertise is unparalleled. His experience leading Salesforce, Pandora, and Yext through IPOs and beyond will be invaluable as Mews embarks on its next chapter of growth. We are thrilled to welcome Steve to our board at such a pivotal moment.”
Mews founder, Richard Valtr, added, “Steve is a strategic leader with exceptional experience in scaling financial teams. His insight and guidance will be critical in supporting our aggressive growth ambitions and securing Mews' position as the market leader in cloud hospitality.”
The appointment comes as Mews continues to experience significant growth, reaching unicorn status with a valuation surpassing $1.2 billion. Over the past year, Mews has seen a 250% increase in customers across North America and facilitated over 25 million hotel check-ins globally. The company recently secured $100 million in funding from Vista Credit Partners to fuel further growth and M&A activity through its investment arm, Mews Ventures.
Reflecting on his new role, Cakebread shared, “Mews has a tremendous opportunity in the $20 billion hospitality software and payments markets, driven by the shift to cloud-based technology. With over 5,500 hospitality brands and 1,000 integrations on its platform, Mews is well-positioned to lead the market. I’m excited to contribute to Mews’ continued success and work with the team to accelerate its next phase of growth.”
About Mews
Mews is the leading cloud platform transforming hospitality for the modern era. Serving over 5,500 customers in more than 85 countries, Mews Hospitality Cloud helps hoteliers streamline operations, elevate guest experiences, and build more profitable businesses. Its clients include leading hospitality brands like Generator-Freehand, Strawberry, The Social Hub, and Airelles Collection. Mews has been recognized as Best PMS (2024) and among the Best Places to Work in Hotel Tech (2021, 2022, 2024) by Hotel Tech Report, and awarded World's Best Hotel PMS Provider (2023) and World's Best Independent Hotel PMS Provider (2022, 2023) by the World Travel Tech Awards. Mews has raised $335 million from investors, including Goldman Sachs Alternatives, Kinnevik, and Revaia, to revolutionize the hospitality industry.
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