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Real-time flight rewards search engine Point.me secures $10M in funding

Robots · 1y

Point.me, a real-time flight rewards search engine and concierge service, has secured $10 million in Series A funding to improve its platform. The funding round, led by Thayer Ventures and featuring participation from PAR Capital Ventures, RiverPark Ventures, Plug and Play Ventures, and MoreThanCapital, brings Point.me's total funding to $12 million. The platform simplifies the process of redeeming travel rewards, boasting over 1.5 million users and 7.8 million searches since its launch in early 2022. The funds will be used to expand partnerships with card issuers, enhance the concierge service, and develop data-driven analytics capabilities. Point.me aims to become a comprehensive loyalty management site for travelers, leveraging data-driven insights and AI algorithms to enhance the redemption experience.