What is Rocketmiles?
Founded in 2013, Rocketmiles operates as a sophisticated consumer travel service designed to bridge the gap between hotel inventory management and frequent flier rewards. The platform enables travelers to earn substantial loyalty points and miles by booking accommodations at high-quality hotels, effectively turning travel expenses into tangible rewards. By providing a streamlined web and mobile interface, Rocketmiles simplifies the reward accumulation process for both business and leisure travelers. Simultaneously, the company offers a strategic solution for hotels, allowing them to fill unsold inventory with high-value guests without resorting to public discounting, which protects brand equity and maintains pricing integrity. This dual-sided marketplace model positions Rocketmiles as a critical intermediary in the travel ecosystem, optimizing value for both the consumer and the hospitality provider.
How much funding has Rocketmiles raised?
Rocketmiles has raised a total of $10.3M across 2 funding rounds:
Angel/Seed
$2M
Series A
$8.3M
Angel/Seed (2013): $2M with participation from Atlas Venture, Peterson Partners, and Link Ventures
Series A (2013): $8.3M led by Atlas Venture, August Capital, Link Ventures, Peterson Partners, and Chicago Ventures
Key Investors in Rocketmiles
Atlas Venture
Atlas Venture is a pioneering early-stage venture capital firm focused on creating and building breakthrough companies that translate cutting-edge science into market-leading solutions.
August Capital
August Capital specializes in venture capital, taking a personal approach to their investments by focusing on fewer enterprises to provide significant support to entrepreneurs.
Link Ventures
Link Ventures is a venture capital firm that invests in early stage consumer internet technology companies that are disrupting markets through the use of big data and mobile technologies.
What's next for Rocketmiles?
With the support of its recent financing, Rocketmiles is well-positioned to accelerate its market penetration and enhance its technological infrastructure. The company's strategic roadmap likely involves deepening its integration with global hotel chains and expanding its loyalty partner network to offer even greater utility to its user base. By utilizing big data and mobile-first engagement strategies, Rocketmiles aims to solidify its status as a leader in the travel rewards space. Future growth will likely focus on optimizing customer acquisition costs and refining its proprietary booking engine to ensure a seamless user experience. As the travel industry continues to evolve, Rocketmiles remains focused on leveraging its capital to maintain its competitive edge and drive innovation in loyalty-based booking.
See full Rocketmiles company page
