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Venture Capital News: POINT.ME Nabs $10M Series A Financing

2023-09-05
NEW YORK, NY, POINT.ME today announced the completion of a $10 million Series A fundraise.
POINT.ME, the real-time metasearch engine for finding and booking real-time flight options using loyalty program reward points on 150+ airlines, today announced the completion of a $10M Series A fundraise. The round was led by Thayer Ventures with significant support from PAR Capital Ventures, RiverPark Ventures, Plug and Play Ventures, and MoreThanCapital. Prior investors, including Gaingels, and David Baggett and Carl de Marcken - Co-Founders of ITA Software (now known as Google Flights), returned for the new funding round.

POINT.ME is a first of its kind award travel discovery tool and points concierge service that enables loyalty program members to find better flights for fewer points. point.me's 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. 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. Loyalty industry experts Adam Morvitz and Tiffany Funk led a dedicated team of specialists with decades of combined expertise in the miles and points space to launch POINT.ME, the only tool of its kind in the travel market, in February 2022.
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