MileIQ
Latest round
- Series A
Last raised
- Jan 2015
Total raised
- $12M
Investors
- 3
About MileIQ
MileIQ is a mileage tracking solution that simplifies the automatic logging of driving activities, catering to individuals and businesses through its mobile application.MileIQ, established in 2012, operates from San Francisco, US, providing users with an automatic mileage tracking application.MileIQ Inc. offers a robust automatic mileage tracking application designed for both individuals and businesses, available on iOS and Android platforms. The app functions by automatically tracking and logging drives without requiring manual input, thus facilitating accurate mileage documentation for tax deductions and reimbursements. Users can easily classify their trips as either business or personal with a simple swipe, and the app also provides detailed route information, including start and end points. Key features include the ability to generate tax-compliant mileage reports, set custom mileage rates, and manage multiple vehicles, allowing for seamless tracking of all driving activities.MileIQ generates revenue primarily through subscription-based models tailored for individual users and teams. The company offers various pricing plans that cater to different user needs, enhancing accessibility and flexibility for clients. By subscribing to MileIQ, users can receive automated mileage tracking and reporting services that optimize their tax savings. Business clients benefit from streamlined reimbursement processes, reducing the administrative burden associated with tracking and reporting mileage. The transaction structure is direct-to-consumer, allowing individuals and businesses to engage with the service through straightforward subscription purchases without intermediaries., allowing for the consolidation of its presence in international markets and enhancement of its digital solutions for work, productivity, and mobility. The investment will likely support the expansion into new geographic regions and improve product offerings in line with this strategic vision.
Who invested in MileIQ
3 investors across 1 round
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Funding rounds
Series A
Jan 29, 2015
Amount
$12M
Investors
Questions about MileIQ
Who invested in MileIQ?
MileIQ has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MileIQ raised?
MileIQ has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MileIQ last raise money?
MileIQ's most recent round on record is a Series A, in Jan 2015.
What does MileIQ do?
MileIQ is a mileage tracking solution that simplifies the automatic logging of driving activities, catering to individuals and businesses through its mobile application.
Where is MileIQ headquartered?
MileIQ is headquartered in San Francisco, US.
Which VCs invest in companies like MileIQ?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at MileIQ's stage. Their profiles are linked below.
VCs backing software startups at Series A
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