Thayer Investment Partners congratulates Super on closing a $65 million Series D financing round, led by TPG, that values the company at $1.2 billion. The round brings a new institutional anchor to a business we have long believed sits at the exact intersection of consumer fintech and travel value — turning everyday household spend into meaningful, recurring savings.

Since its founding in 2016, Super has helped members bank more than $1 billion in cumulative savings, and 2025 alone saw net revenue climb past $200 million, up more than 50% year over year. Super+, the company's flagship membership program, now counts nearly a million members who receive 10% cashback on hotel bookings, discounts of up to 40% off hotel rates, and access to a secured charge card and credit-building tools. Super+ members now account for more than half of all U.S. hotel bookings made through the platform — a striking sign of how deeply travel rewards have become the growth engine of the business.

“Super.com is building both [savings and convenience] – for the everyday household, where every dollar matters most.”

— Hussein Fazal, CEO, Super

The company is also strengthening its bench ahead of this next stage of growth, adding Shopify President Harley Finkelstein as a board observer and advisor, alongside Ryan Fujiu (formerly Bird and Uber) as Head of Product and Michele Lee (formerly Pinterest) as General Counsel. New capital will go toward expanding member value into additional product categories and accelerating investment in AI-driven personalization — a pattern we are now seeing repeat across nearly every consumer travel and hospitality platform in our portfolio.

Super sits in a category we find increasingly important: platforms that convert routine household spending into travel access and loyalty value, without requiring members to think like points-and-miles optimizers. Travel remains one of the largest and most aspirational categories of consumer spend, and we expect Super's model — cashback, discounts, and credit-building wrapped inside a single membership — to keep compounding as a result. We are proud to continue backing Hussein and the Super team as they scale this next chapter.