# MileIQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mileiq

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.mileiq.com
- Total disclosed funding: $12M
- Latest round: Series A (Jan 29, 2015)
- Investors on record: 3

## About

MileIQ is a mileage tracking solution that simplifies the automatic logging of driving activities, catering to individuals and businesses through its mobile application. It ensures accurate documentation for tax deductions and reimbursements.MileIQ, established in 2012, operates from San Francisco, US, providing users with an automatic mileage tracking application. The company has successfully closed three deals, with its latest funding round being Series A in July 2025, raising USD 12.110 mn led by Trinity Ventures. The total amount raised by MileIQ stands at USD 12.110 mn, with a current company valuation of USD 35.873 mn.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. This service is targeted primarily at professionals who require systematic mileage tracking, including small business owners, real estate agents, and rideshare drivers across various geographical markets, including the United States, Canada, and the United Kingdom.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. The app's emphasis on ease of use and integration into daily routines reinforces its value proposition for users seeking efficient and compliant mileage documentation.In July 2025, MileIQ was acquired by Bending Spoons S.p.A., 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.

## Funding rounds

- Series A, Jan 29, 2015, $12M — CRV, Trinity Ventures, SV Angel

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Series A
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A