Point.me Raises $10M in Series A Funding

Point.me, a New York-based provider of a real-time metasearch engine for finding and booking real-time flight options, raised $10M in Series A funding.

The round was led by Thayer Ventures with participation from PAR Capital Ventures, RiverPark Ventures, Plug and Play Ventures, and MoreThanCapital, as well as prior investors Gaingels, David Baggett and Carl de Marcken – Co-Founders of ITA Software (now known as Google Flights).

The company intends to use the funds to accelerate growth of its enterprise partnerships with U.S. card issuers, expand upon its concierge service, and scale its consumer subscription business.

Led by Adam Morvitz, Founder and CEO point.me is a provider of a travel discovery tool and points concierge service that enables loyalty program members to find flights for points. Its proprietary algorithm searches over 150 airlines to uncover the very best flight deals, including first and business class travel, along with guided instructions for booking them. The company works with over 30 loyalty programs, including credit card rewards, and enables customers to filter search results based on their preferred programs, airlines, routes and balances.

The POINT.ME platform currently operates in partnership with loyalty rewards from today’s top credit card providers such as American Express, Bilt, Capital One, Chase, Citi, and more.

FinSMEs

05/09/2023