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WebMiles

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An unrestricted, free travel rewards program to help businesses attract and retain long-term customers

Sandy, United StatesFounded 1999Travel

Valuation $100–250M Last recorded · 2000

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About WebMiles

WebMiles was a German company founded on April 23, 1999, by Patrick Boos, Loretta Würtenberger, and Dominik von Ribbentrop. The company was established as a non-listed stock corporation in Munich and was a product of the dot-com era, backed by venture capital from firms like Wellington Partners.

The core of WebMiles' business was a web-based customer loyalty program centered around travel rewards. It provided a platform for businesses to offer their customers redeemable points or "miles" for purchases made online, particularly in the e-commerce and travel sectors. The program was designed to be free and unrestricted for consumers, serving as a tool for partner businesses to enhance customer acquisition and long-term retention.

The service allowed users to accumulate rewards from a network of online shops and convert them into travel-related benefits, such as airline tickets. This model positioned WebMiles as an intermediary in the growing online marketplace, capitalizing on the increasing popularity of e-commerce transactions. Despite its initial growth, the company is now considered to be defunct.

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At a glance

Status: Operational
Founded: 1999
Headquarters: Sandy, United States
Employees: 6
Open positions: None listed
Dealroom signal: 52.6/100
Industry: Travel
Sub-industry: Travel Analytics & Software
Sector: Travel
Client focus: b2c
Links: Website LinkedIn

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES B✓Equity / VC	May 2000	$34M	$136M	StarVest Partners · Svoboda Capital · Sequel Venture Partners · Staenberg Private Capital	—

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Growth signals

WebMiles website traffic

Latest recorded traffic for WebMiles is 100 monthly website visits. WebMiles's team grew 0% over the past year.

Latest monthly visits100 1-year team growth0%

Monthly website visitsOct 2017–Apr 2024

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