Hotel software company Mews has raised $300 million in a Series D funding round, valuing the company at $2.5 billion, SiliconANGLE reported on Jan. 23 local time.

The round was led by EQT Growth, with Atomico, HarbourVest Partners, Kinnevik, Battery Ventures and Tiger Global also participating.

The Mews platform lets hotel operators embed a room-booking widget on their websites. It allows customers to book directly without using online travel agencies, helping reduce fees. The company said Mews processed $19 billion in transactions last year.

Mews offers various add-on services beyond room bookings. Through its Mews Spaces feature, hotel operators can rent out meeting rooms and fitness spaces by the hour or sell monthly memberships. Mews Spaces generated $537 million in revenue last year.

Mews also supports a range of procurement management functions, including generating event quotes, mobile food and beverage ordering and providing payment terminals. Traditional hotels require separate payments for individual items such as restaurant orders and parking, but Mews consolidates all purchases into a single bill to simplify customer management processes.

Mews plans to use the funding to strengthen its platform and advance its AI and payment functions. It recently acquired data analytics startup DataChat and plans to accelerate its expansion in global markets through active mergers and acquisitions.