About Webmiles
Webmiles is a company based in Munchen (Germany) founded in 1999 by Patrick Boos was acquired by Bertelsmann in October 2000. It operates as a B2B. Webmiles has raised $34 million across 1 funding round from investors including Maritz, NBC and Sequel Venture Partners. Webmiles operates in a competitive market with competitors including Miles, Smiles, LifeMiles, Crypto Bonus Miles and UrbanMiles, among others.
- Headquarter Munchen, Germany
- Founders Patrick Boos
- SectorsTechnology
- Website webmiles.de
- Social X
- Acquired by Bertelsmann (Oct 2000)
- Total Equity Funding$34M (USD)
in 1 rounds
- Latest Funding Round$34M (USD), Series B
May 1999
- InvestorsMaritz
& 5 more
- Acquired byBertelsmann
(Oct 2000)
Funding Insights of Webmiles
Webmiles has successfully raised a total of $34M through 1 strategic funding round. The most recent funding activity was a Series B round of $34 million completed in May 1999. 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 $34M
- Total Rounds 1
- Last Round Series B — $34M
- First Round $34M
(May 1999)
- Investors Count 5
All 1 funding rounds of Webmiles with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
6 investors in total: 6 institutional.
Investors in Webmiles
Webmiles has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Maritz, NBC and Sequel Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | sequelvc.com | - | |
Private equity firm investing in business services sectors with a focus on growth companies. | – | svoco.com | - | |
Growth equity firm investing in technology-enabled B2B services in New York. | – | starvestpartners.com | - | |
Offers business events, loyalty rewards, and sales incentives across multiple sectors. | 1894 | maritz.com | Fenton, United States | |
NBC is operated as a major television broadcasting network. | – | nbc.com | - | |
Educational support services are provided globally by Bertelsmann. | – | bertelsmann.com | Gutersloh, Germany |
Investor details for Webmiles
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Webmiles
1 people are tracked at Webmiles (1 in leadership).
| Name | Role | Group |
|---|---|---|
Patrick Boos | Founder, ex-CEO | Leadership |
Complete people profiles for Webmiles
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Webmiles
3 dated milestones of Webmiles across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Webmiles is founded.
- Funding First funding round of $34.0M.
- Exit Acquired by Bertelsmann.
Competitors of Webmiles
Webmiles 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 Miles, Smiles, LifeMiles, Crypto Bonus Miles and UrbanMiles, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getmiles.com | 2016 | Redwood, United States | $18.25M | – | Miles is recognized as a rewards program mobile application. | |
| smiles.com.br | 2013 | Barueri, Brazil | $198.68M | – | Smiles is operated as a travel loyalty program in Brazil. | |
| lifemiles.com | 2011 | Bogota, Colombia | – | – | Frequent flyer program | |
| cryptobonusmiles.com | 2018 | – | – | – | Provides a blockchain-based loyalty program for consumer rewards. | |
| urbanmiles.com | 2009 | San Francisco, United States | – | – | Operates an engagement-based reward platform to enhance user loyalty and interactions. | |
| rewardexpert.com | 2007 | New York, United States | – | – | Offers credit card tips, reviews, and data for travel rewards and personal finance. | |
| mileways.com | 2013 | Munich, Germany | – | – | An app that provides passenger notifications and reward points for flight trips |
Detailed competitors of Webmiles
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Webmiles
10 companies that operate in the same segment as Webmiles (Loyalty & Engagement Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cashback is provided on multi-category product purchases via mobile app. | 2012 | Denver, Colorado, United States | USD 97.58 M | USD 342.39 M | 886 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
AI-powered loyalty management software is offered for enterprises. | 2008 | Bengaluru, Karnataka, India | USD 239.1 M | USD 78.34 M | 571 | |
Loyalty management solutions are provided for offline retail stores. | 2012 | San Francisco, California, United States | USD 23.1 M | – | 23 | |
Card-linked marketing solutions are provided to banks and financial institutions. | 2008 | Atlanta, Georgia, United States | USD 178 M | USD 233.27 M | 454 | |
Cloud-based loyalty solutions for restaurants and stores are provided. | 2001 | Newton, Massachusetts, United States | USD 75 M | – | 234 | |
Promotion management and cashback solutions are provided to retailers. | 2016 | Washington, District Of Columbia, United States | USD 250 M | – | – | |
Digital gift cards are provided for enterprise incentive programs. | 2009 | Seattle, Washington, United States | USD 57.01 M | – | 267 | |
Online platform to create, run and manage promotional campaigns | 2015 | Berlin, Berlin, Germany | USD 138.4 M | – | 58 | |
Cloud-based CRM, loyalty, and conversational commerce solutions are delivered. | 2011 | Gurugram, Haryana, India | USD 15.31 M | USD 7.81 M | 264 |
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Frequently Asked Questions about Webmiles
Webmiles was founded in 1999.
Webmiles is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Patrick Boos is the current CEO of Webmiles. They have also founded this company.
Webmiles is a funded company, having raised a total of $34M across 1 funding round to date. The company's 1st funding round was a Series B of $34M, raised on May 1999.
Webmiles operates with a B2B model, focusing on marketing and advertising, building customer loyalty, offering loyalty programs, and web-based solutions. Delivers a web-based customer loyalty program to enhance business engagement and retention. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Webmiles has 6 investors. Key investors include Maritz, NBC, Sequel Venture Partners, Svoboda Capital, and StarVest Partners.
Yes. Webmiles was acquired by Bertelsmann in October 2000.