# Mile Auto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mile-auto

- Industry: Insurance
- Headquarters: Atlanta, US
- Website: www.mileauto.com
- Total disclosed funding: $12M
- Latest round: Seed (May 24, 2021)
- Investors on record: 7

## About

Based in Georgia, US, and founded in 2017, Mile Auto, Inc. is an auto insurance company that offers car insurance options based on mileage. The company was co-founded by Fred Blumer, Jim Cook, Joe Fuller, and Scott Nelson. The company announced a partnership with Ford Motor Company for Ford owners to get auto insurance. Mile Auto, Inc. is currently available in Arizona, Georgia, Illinois, and Oregon, the US. In May 2021, the company raised its latest Seed funding from Ulu Ventures, Emergent Ventures, Thornton Capital, and Sure Ventures.

The company's platform uses computer vision and decision analytics to collect and validate odometer data without the need for extra hardware, mobile apps, or GPS tracking to offer car insurance options based on mileage to low-mileage drivers.

The company plans to expand the availability of its insurance offering to half of the US auto insurance market by the end of 2021, as well as hiring, adding new distribution channels, onboarding of white-label partners, and expanding its automaker network into additional states within the next six months.

## Funding rounds

- Seed, May 24, 2021, $10M — Ulu Ventures, Emergent Ventures, Sure Ventures, Thornton Capital Management
- Seed, Feb 2, 2019, $1M — Ulu Ventures, JUMP Investors, Emergent Ventures
- Seed, Oct 27, 2017, $1.2M — Ulu Ventures, INSEAD Business Angels Club, Emergent Ventures, Sure Ventures, AS13

## Investors

- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed
- INSEAD Business Angels Club — Seed
- Emergent Ventures (https://capitalatlas.ai/funds/emergent-ventures) — Seed
- Sure Ventures (https://capitalatlas.ai/funds/sure-ventures) — Seed
- AS13 — Seed
- JUMP Investors (https://capitalatlas.ai/funds/jump-investors) — Seed
- Thornton Capital Management — Seed