Point.me, a NYC-based provider of a points and travel reward search platform, raised $15M in Series B funding.
The round was led by Nyca Partners and Citi Ventures, with participation from Brian Kelly (founder of The Points Guy), Samsung Next, RiverPark Ventures, Four Cities Capital, MoreThan Capital, as well as Meta executives (Kay2Ventures and Morgan Rose) and the co-founder of ITA Software (Google Flights). Thayer Ventures and PAR Capital Ventures have also joined the Series B round.
The company intends to use the funds to accelerate its enterprise growth and expansion of services.
Led by Adam Morvitz and Tiffany Funk, point.me provides an award travel discovery tool and points concierge service that enables loyalty program members to find better flights for fewer points. Its proprietary algorithm searches over 150 airlines to uncover the very best flight deals, including first and business class fares with points, along with guided instructions for booking them.
point.me works with over 30 loyalty programs, including major credit card rewards, and enables customers to filter search results based on their preferred programs, airlines, routes, and balances.
FinSMEs
18/09/2024