About 5miles
5miles is a company based in Dallas (United States) founded in 2014 by Liang Lu. 5miles has raised $45 million across 3 funding rounds from investors including Morningside China, SIG China and Blue Lake Capital. 5miles operates in a competitive market with competitors including eBay, Mercari, Olx, Uniswap and OfferUp, among others.
- Headquarter Dallas, United States
- Founders Liang Lu
- SectorsRetail
- Email••••••••
- Website 5miles.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$45M (USD)
in 3 rounds
- Latest Funding Round$30M (USD), Series B
Jan 2016
- InvestorsMorningside China
& 4 more
Apps and channels of 5miles
5miles publishes 2 mobile apps with over 10M+ downloads.
Funding Insights of 5miles
5miles has successfully raised a total of $45M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in January 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $45M
- Total Rounds 3
- Last Round Series B — $30M
- First Round $5M
(Jun 2014)
- Investors Count 5
All 3 funding rounds of 5miles with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2016 | $30M | Series B | – | Morningside, SIG China | – |
| May 2015 | $10M | Series B | – | – | – |
| Jun 2014 | $5M | Series A | – | SIG China | – |
5 investors in total: 5 institutional.
Investors in 5miles
5miles has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Morningside China, SIG China and Blue Lake Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech companies in China are invested in by SIG China. | – | sig-china.com | Shanghai, China | |
Blue Lake Capital is focused on investing in digital innovation. | – | bluelakecap.com | Shanghai, China | |
Health and technology startups are invested in by Puhua Capital. | – | puhuacapital.com | Hangzhou, China | |
Venture capital firm | – | idgcapital.com | New York, United States | |
VC and private equity investments are made in China-US companies. | – | morningside.com.cn | Shanghai, China |
Investor details for 5miles
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of 5miles
2 people are tracked at 5miles (2 in leadership).
| Name | Role | Group |
|---|---|---|
Liang Lu | Founder & CEO | Leadership |
Chris van Voorden | Founder & CEO | Leadership |
Complete people profiles for 5miles
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of 5miles
3 dated milestones of 5miles across 2 years, from founding to its latest funding, stage changes and deals.
- Founded 5miles is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series B, of $30.0M.
Competitors of 5miles
5miles operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eBay, Mercari, Olx, Uniswap and OfferUp, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ebay.com | 1995 | San Jose, United States | – | 12,300 | Multi-category consumer products are sold via an online marketplace platform. | |
| mercari.com | 2013 | Minato, Japan | $117.3M | 209 | Used multi-category products are traded on an online marketplace platform. | |
| olx.com | 2006 | Hoofddorp, Netherlands | $28.5M | 230 | International online classifieds | |
| uniswap.org | 2018 | New York, United States | $176M | 85 | Decentralized exchange platform for cryptocurrency trading is operated. | |
| offerup.com | 2011 | Bellevue, United States | $796.74M | 273 | P2P mobile listing platform for household goods | |
| letgo.com | 2015 | New York, United States | $975M | – | Online listing platform for multi-category second-hand goods | |
| 58.com | 2005 | Beijing, China | $140.78M | – | Online second-hand listing platform offering multi-category products and services | |
| karrotmarket.com | 2015 | Seoul, South Korea | $201.37M | – | Multi-category second-hand products are traded on an online marketplace platform. | |
| craigslist.org | 1995 | San Francisco, United States | – | 38 | Online classified forum |
Detailed competitors of 5miles
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of 5miles
The website of 5miles (5miles.com) receives about 26.5K visits a month.
- Monthly visits26.5K
▼ 29.8% vs previous month
Websites whose visitors overlap most with 5miles. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| facebook.com | 100% | 12.1B | #3 | View details | |
| reddit.com | 100% | 4.4B | #9 | View details | |
| google.com | 99% | 85.8B | #1 | View details | |
| instagram.com | 87% | 7.1B | #4 | View details | |
audiocircuit.dk | audiocircuit.dk | 79% | – | #325,696 | – |
Similar companies to 5miles
10 companies that operate in the same segment as 5miles (Marketplaces & General E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category consumer products are offered via an online marketplace platform. | 2007 | Bengaluru, Karnataka, India | USD 12.12 B | – | – | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Multi-category consumer products are sold via an online marketplace. | 2010 | Seoul, South Korea | USD 3.9 B | USD 34.53 B | 95,000 | |
Multi-category products are sold via an online marketplace platform. | 2012 | Singapore, Singapore | USD 689.63 M | – | – | |
Multi-category products are offered through an online marketplace. | 1994 | Seattle, Washington, United States | USD 8 M | – | – | |
Multi-category second-hand products are offered via online marketplace platform. | 2007 | Moscow, Russia | USD 161 M | – | – | |
Used multi-category products are traded on an online marketplace platform. | 2013 | Minato, Tokyo, Japan | USD 117.3 M | USD 1.41 B | – | |
Multi-category consumer products are sold via an online marketplace platform. | 1999 | Buenos Aires, Argentina | – | USD 28.89 B | 84,210 | |
App-based marketplace and classified platform for multi-category products | 2013 | Barcelona, Catalonia, Spain | USD 370.56 M | – | – | |
Multi-category consumer products are offered via an online marketplace. | 1998 | Moscow, Russia | USD 442.27 M | – | – |
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Frequently Asked Questions about 5miles
5miles was founded in 2014.
5miles is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Liang Lu is the current CEO of 5miles. They have also founded this company.
5miles is a funded company, having raised a total of $45M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jun 2014.
Founded in 2014 and based in Dallas, United States, 5miles operates as an e-commerce platform focused on pre-owned goods. Listings for items such as cars, furniture, mobile phones, apparel, and other products are facilitated through photo uploads and brief descriptions by sellers. Access is provided via dedicated applications for iOS and Android devices, supporting local transactions within the marketplace.
5miles has 5 investors. Key investors include Morningside China, SIG China, Blue Lake Capital, Puhua Capital, and IDG Capital.
Yes. 5miles publishes 5miles: Buy and Sell Locally and 1 more app, with over 10 million downloads.