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Level.me, a trip rewards seek platform, has landed $15 million in a Sequence B spherical.
The funding within the corporate, which used to be based in 2022, used to be led by means of Nyca Companions and Citi Ventures whilst Samsung Subsequent, RiverPark Ventures, 4 Towns Capital and MoreThan Capital additionally participated. The spherical additionally attracted Meta executives and the co-founder of ITA Instrument (Google Flights) and former buyers Thayer Ventures and PAR Capital Ventures, who led previous fundraising rounds, joined the Sequence B too.
Level.me, a PhocusWire Scorching 25 Startup for 2024, mentioned it has had a “a robust yr of expansion” with partnerships sealed with American Categorical and Bilt Rewards.
“I’m thankful for the reinforce for our imaginative and prescient from our new and present buyers. Their vote of self assurance demonstrates each shopper and marketplace passion in state-of-the-art era on the intersection of private finance and significant trip rewards,” mentioned Adam Morvitz, founder and CEO of level.me.
The Sequence B funding will pressure additional undertaking expansion for level.me in addition to permit it to make bigger its services and products.
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“We’ve got had an making an investment thesis round rewards for a while and have been extremely joyful to search out the precise group, product and traction in level.me,” mentioned Stephanie Khoo, spouse at Nyca Companions.
“The founding group’s deep wisdom of the rewards and trip house is complemented effectively by means of a top-notch technical group that delivers a sublime way to what used to be in the past a painfully handbook procedure to categorically seek award stock throughout airways carriers. Now, all trip fans can extra simply resolution those questions: initially, must I exploit issues or money? And secondly, which issues are probably the most optimum?”
Luis Valdich, head of fintech making an investment at Citi Ventures mentioned: “As lively buyers in trip and leisure, a key vertical for card spend, we at Citi Ventures straight away were given level.me’s drawback commentary and have been interested in Adam’s robust founder-product are compatible, contagious power and imaginative and prescient of establishing the arena’s first trip rewards market in shut collaboration with the trade.”
The corporate, which introduced Sequence A investment of $10 million a yr in the past, mentioned it has surpassed 18 million consumer searches.
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