Wolves Summit News

Tech startup becomes third Czech firm in history to reach unicorn status

Written by WS Team | Mar 11, 2024 9:19:31 AM

A near-record investment round from hospitality-management firm Mews means that it joins Rohlík and Productboard as Czech companies worth over USD 1bn.


Mews, a Prague-based startup specializing in software for accommodation services and
restaurants, has officially become Czechia’s third unicorn company in history as its valuation has
reached over USD 1.2 billion (CZK 28 billion). A recently confirmed investment of USD 110 million
(CZK 2.6 billion) helped secure the tech firm’s unicorn status.


The newly verified backing was part of Mews' late 2022 investment round, which raised USD 220
million (about CZK 4 billion) from investors – one of the largest sums ever raised by a Czech firm in
any investment round. Swedish investment fund Kinnevik and existing shareholders Goldman
Sachs and Notion Capital are leading the financing. A unicorn company is a privately owned
startup that has reached a valuation of over USD 1 billion.

https://www.expats.cz/czech-news/article/tech-startup-becomes-third-czech-firm-in-history-to-reach-unicorn-status-1

 

 

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