# MileShare

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

- Industry: Internet
- Headquarters: Japan
- Website: www.mileshare.co.jp
- Total disclosed funding: $0.3M
- Latest round: Seed (May 27, 2019)
- Investors on record: 1

## About

MileShare is a Japanese company that provides an innovative platform allowing users to share airline points and miles, effectively creating a new way to book flights and improve travel accessibility.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 raised JPY 30 million in Seed funding from Kips Corporation on May 27, 2019, marking their sole deal to date, and currently has a valuation of JPY 741.176 million.MileShare operates a unique sharing service for air travel, which enables users to share points and miles accrued through various airlines. This innovative platform matches users who wish to utilize these points with mileage providers, effectively creating a new method of booking flights known as 'Sharing Flights.' 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. The geographical reach of MileShare extends not only within Japan but also to international markets, allowing for a broader audience of users who can benefit from this innovative service.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. MileShare focuses on maximizing the value of points and miles for its users, thereby enhancing customer satisfaction and loyalty within this niche market.MileShare plans to leverage the JPY 30 million raised in Seed funding to enhance its platform and expand its geographical reach. 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.

## Funding rounds

- Seed, May 27, 2019, $0.3M — Kips

## Investors

- Kips (https://capitalatlas.ai/funds/kips) — Seed