MileShare
Latest round
- Seed
Last raised
- May 2019
Total raised
- $0.3M
Investors
- 1
About MileShare
Founded in 2018, MileShare is based in Japan and operates a unique service facilitating the sharing of airline points among users. The company has not undergone significant strategic pivots or changes in operations.MileShare operates a unique sharing service for air travel, which enables users to share points and miles accrued through various airlines.' The service is designed to address mobility disparities experienced primarily in rural areas of Japan, where transportation options can be limited for both business and personal purposes. By reducing the cost associated with travel, MileShare aims to foster regional revitalization and enhance the overall life experience for its users. The company serves a diverse clientele, including individuals seeking affordable travel solutions and businesses looking to optimize their travel expenditure.MileShare's revenue model is centered around the sharing of airline points and miles, establishing a transactional structure where users can access flights through accumulated rewards. The transactions typically occur directly between the firm and its clients, facilitating a seamless experience for users to book flights with shared rewards. The company's offerings may include various subscription plans or partnerships with mileage providers that enable users to leverage their points effectively. While specific pricing details for these services are not disclosed, the revenue is generated through transaction fees or commissions from the successful use of shared points. With their innovative service, they aim to explore new markets, particularly targeting rural and regional areas within Japan and extending their services to international customers over the next few years. Upcoming product features are also being designed to improve user experience and expand service offerings, though specific release dates have not been disclosed.
Who invested in MileShare
1 investor across 1 round
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Funding rounds
Seed
May 27, 2019
Amount
$0.3M
Investors
Questions about MileShare
Who invested in MileShare?
MileShare has 1 investor 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 MileShare raised?
MileShare has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MileShare last raise money?
MileShare's most recent round on record is a Seed, in May 2019.
What does MileShare do?
Founded in 2018, MileShare is based in Japan and operates a unique service facilitating the sharing of airline points among users.
Where is MileShare headquartered?
MileShare is headquartered in Japan.
Which VCs invest in companies like MileShare?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back internet companies at MileShare's stage. Their profiles are linked below.
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