# Miles

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

- Industry: Internet
- Headquarters: Redwood City, US
- Website: www.getmiles.com
- Total disclosed funding: $18M
- Latest round: Series A (Jul 21, 2021)
- Investors on record: 12

## About

Based in California, US, and founded in 2016, Miles operates as a developer of a platform that enables anyone with a smartphone to earn miles for all of their travel, regardless of their mode of transportation. The company was co-founded by Jigar Shah, Paresh Jain, and Parin Shah and is backed by investors including JetBlue Technology Ventures, SAIC, Sony Innovation Fund, Urban Us, and Scrum Ventures which led the USD 12.5 million Series A funding round in July 2021. The company has 40 employees as of July 2021.

Miles platform allows anyone with a smartphone to earn miles and rewards as they travel, whether by car, rideshare, plane, train, subway, bus, bicycle, or on foot. It automatically logs each trip users take from point A to B and the mode of transportation, while keeping their data completely private. Users can monitor their progress and miles earned per trip while earning personalized rewards with leading brands that are redeemable either online or at a nearby store. The platform also allows users to participate in weekly and monthly activity challenges to unlock gift card rewards with retailers like Amazon or donate their miles to raise money for charity.

Miles plans to continue to invest in research and development, expand its marketplace, and grow its team to accelerate growth and deliver value to its partners and user base. It also plans to expand to new categories in the near future, and create opportunities for users to redeem their miles for rewards with new transportation partners and global brands.

## Funding rounds

- Series A, Jul 21, 2021, $13M — TransLink Capital, Aioi Nissay Dowa Insurance, Japan Airlines Corporation, Scrum Ventures, Synapse Partners, TechNexus Venture Collaborative
- Seed, Apr 5, 2019, $2.3M — SKY VC, Sony Innovation Fund, SAIC Venture Capital, Porsche Ventures
- Seed, Jul 24, 2018, $2.4M — Scrum Ventures, Third Sphere, Porsche Ventures
- Seed, Apr 1, 2017, $0.6M — Harris Barton Asset Management, Third Sphere

## Investors

- Harris Barton Asset Management (https://capitalatlas.ai/funds/harris-barton-asset-management) — Seed
- Third Sphere (https://capitalatlas.ai/funds/third-sphere) — Seed
- Scrum Ventures (https://capitalatlas.ai/funds/scrum-ventures) — Seed, Series A
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Seed
- SKY VC (https://capitalatlas.ai/funds/sky-vc) — Seed
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Seed
- SAIC Venture Capital (https://capitalatlas.ai/funds/saic-venture-capital) — Seed
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series A
- Aioi Nissay Dowa Insurance — Series A
- Japan Airlines Corporation — Series A
- Synapse Partners (https://capitalatlas.ai/funds/synapse-partners) — Series A
- TechNexus Venture Collaborative (https://capitalatlas.ai/funds/technexus-venture-collaborative) — Series A