What is Rocketmiles?
Rocketmiles operates a consumer travel platform designed to help frequent fliers earn loyalty program miles and points on accommodation bookings. The service is accessible via web and mobile, simplifying rewards accumulation for travelers while offering hotels a method to fill unsold inventory without resorting to public discounts. The company's model bridges the gap between consumer desire for travel rewards and hotel needs for optimized occupancy, positioning it as an innovative player in the travel technology landscape.
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, Link Ventures, August Capital, Peterson Partners, and Chicago Ventures
Key Investors in Rocketmiles
Atlas Venture
Atlas Venture is a venture capital firm specializing in early-stage biotechnology companies, focusing on translating cutting-edge science into life-changing medicines. They partner with entrepreneurs to launch and grow innovative biotech startups.
Link Ventures
Link Ventures is a venture capital firm that invests in early-stage consumer internet technology companies disrupting markets with big data, AI, and mobile technologies. They leverage exclusive incubator relationships and proprietary resources to help portfolio companies scale.
August Capital
August Capital is a venture capital firm that takes a personal approach to investments, focusing on providing significant support to entrepreneurs in developing transformative businesses. They emphasize strong relationships and insights in their investment strategy.
What's next for Rocketmiles?
The recent major strategic investment suggests Rocketmiles is poised for a new phase of growth, likely focusing on scaling its operations, enhancing its platform capabilities, or expanding its market reach. This capital infusion will enable the company to further solidify its position by potentially forging new hotel partnerships, improving its loyalty program integration, or developing advanced features for its user base. The company's trajectory indicates a strategic focus on leveraging its unique value proposition in the competitive travel booking market.
See full Rocketmiles company page
