point.me, a real-time flight search and booking engine using loyalty program reward points on 150+ airlines, has announced a Series A fundraise completion of $10 million. This investment is led by Thayer Ventures and backed by notable investors, including PAR Capital Ventures and Plug and Play Ventures, and will fuel point.me's expansion.
The company plans to enhance its partnerships with leading the US card issuers, grow its premium concierge service, and scale its consumer subscription business. point.me’s platform currently operates in collaboration with major credit card providers like American Express, Chase, and Capital One, offering seamless searches and bookings. This funding will enable deeper integrations with current partners and the establishment of new collaborations, ultimately delivering enhanced accessibility for users.
point.me has amassed over 1.5 million registered users in the initial year, reflecting its remarkable growth. The company's annual recurring revenue has surged by an impressive 1860%. With this latest Series A funding, the company will be strengthening its integration with loyalty rewards programs across all its product offerings. This strategic move will further elevate the user experience and accessibility, cementing point.me's position as a leader in real-time flight booking using loyalty rewards points.
This Series A funding marks milestone in point.me's rapid ascent within the travel industry. In addition, the company had previously secured $2 million in seed funding, led by PAR Capital Ventures, with participation from WndrCo Holdings, Jeffrey Katzenberg, Sujay Jaswa, and a group of executives from Meta and DoorDash.