About Rocketmiles
Rocketmiles is a company based in Chicago (United States) founded in 2012 was acquired by Booking in February 2015.. Rocketmiles has raised $10.3 million across 2 funding rounds from investors including Booking, Atlas Venture and August Capital. Rocketmiles operates in a competitive market with competitors including The Guestbook, Max Travel, PointsHound, takeabed and Triphop, among others.
- Headquarter Chicago, United States
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
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- Legal Name Rocket Travel, Inc
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Funding Insights of Rocketmiles
Rocketmiles has successfully raised a total of $10.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8.3 million completed in December 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $8.3M
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First Round
First Round
(20 Apr 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series A - Rocketmiles | Valuation | August Capital | |
| Apr, 2013 | Amount | Seed - Rocketmiles | Valuation | Atlas Venture |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rocketmiles
Rocketmiles has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Booking, Atlas Venture and August Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses.
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Founded Year | Domain | Location | |
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Link Ventures is focused on investing in AI startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in life science and biotechnology sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rocketmiles
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rocketmiles
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rocketmiles Comparisons
Competitors of Rocketmiles
Rocketmiles operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Guestbook, Max Travel, PointsHound, takeabed and Triphop, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Rewards-based bookings are enabled for independent and boutique hotels.
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| domain | founded_year | HQ Location |
App-driven reward-based hotel booking platform
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| domain | founded_year | HQ Location |
Online marketplace for reward-based hotel bookings for travelers
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| domain | founded_year | HQ Location |
An app providing a rewards-based platform for booking hotel rooms.
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| domain | founded_year | HQ Location |
An app for rewards-based hotel room booking services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rocketmiles
Frequently Asked Questions about Rocketmiles
When was Rocketmiles founded?
Rocketmiles was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Rocketmiles located?
Rocketmiles is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Rocketmiles a funded company?
Rocketmiles is a funded company, having raised a total of $10.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Apr 20, 2013.
What does Rocketmiles do?
Founded in 2012 and based in Chicago, United States, Rocketmiles operates in the travel sector as a marketplace for hotel reservations. Airline miles are purchased by the company and associated with stays at partner hotels, enabling customers to earn an average of 7,000 miles per booking. Hotel rooms are acquired at discounted rates and resold at standard aggregator prices, with a focus on selected properties.
Who are the top competitors of Rocketmiles?
Rocketmiles's top competitors include The Guestbook, Max Travel and PointsHound.
Who are Rocketmiles's investors?
Rocketmiles has 6 investors. Key investors include Booking, Atlas Venture, August Capital, Link Ventures, and Chicago Ventures.
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