About Finmile
Finmile is a company based in London (United Kingdom) founded in 2022 by Chris Sargeant, Scott Murphy, and Rich Pleeth. It operates as a SaaS (Software-as-a-Service). Finmile has raised $22.93 million across 2 funding rounds from investors including Simplex Investments, MaC Venture Capital and Side Door Ventures. The company has 9 employees. Finmile has completed 1 acquisition, including Urb-it. Finmile offers products and services including Finmile Route Optimization Software and Finmile Logistics Management Platform. Finmile operates in a competitive market with competitors including Zeo Route Planner, OptimoRoute, nextmv, Road Warrior and Vision Route Planner, among others.
- Headquarter London, United Kingdom
- Employees 9
- Founders Chris Sargeant, Scott Murphy, Rich Pleeth
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website finmile.co
- Social LinkedIn
- Legal Name Fin Mile Logistics Limited
- Date of Incorporation 25 Aug, 2022
- Jurisdiction LONDON, ENGLAND
- Total Equity Funding$22.93M (USD)
in 2 rounds
- Latest Funding Round$7M (USD), Seed
Oct 2024
- InvestorsSimplex Investments
& 3 more
- Employee Count9
- Investments & Acquisitions
Products & Services of Finmile
Finmile offers a comprehensive portfolio of products and services, including Finmile Route Optimization Software and Finmile Logistics Management Platform.
AI-powered software for optimizing multi-stop delivery routes.
Platform for managing logistics with real-time tracking.
Funding Insights of Finmile
Finmile has successfully raised a total of $22.93M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $7 million completed in October 2024. 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 $22.93M
- Total Rounds 2
- Last Round Seed — $7M
- First Round $15.93M
(Sep 2023)
- Investors Count 4
All 2 funding rounds of Finmile 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 |
|---|---|---|---|---|---|
| Oct 2024 | $7M | Seed | – | MaC Venture Capital | |
| Sep 2023 | $15.93M | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in Finmile
Finmile has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Simplex Investments, MaC Venture Capital and Side Door Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A seed-stage venture capital firm | – | macventurecapital.com | Los Angeles, United States | |
Side Door Ventures is engaged in venture capital investments globally. | – | sdv.vc | San Francisco, USA | |
- | – | pearlscapital.com | - | |
Trading strategies are implemented as scalable code for financial markets. | – | simplextrading.com | United States |
Investor details for Finmile
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People of Finmile
8 people are tracked at Finmile (4 in leadership, 4 in team); the tracked headcount is 9.
| Name | Role | Group |
|---|---|---|
Chris Sargeant | Co-Founder & COO | Leadership |
Scott Murphy | Co-Founder | Leadership |
Rich Pleeth | Co-Founder & CEO | Leadership |
Paul Dapkus | Head Of North American Sales And Operations | Leadership |
Will Jacob | Advisor, Operations And Finance | Team |
Kritika Amarnath | Strategic Finance | Team |
Omar Rebhan | Advisor | Team |
Hiren Solanki | Founding Team & Central Ops | Team |
Complete people profiles for Finmile
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Investments & Acquisitions by Finmile
Finmile has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Urb-it.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Local shopping and courier services are facilitated via mobile app. | urb-it.com | Stockholm, Sweden | 2014 | Jan 2024 | •••• |
Complete acquisition details for Finmile
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Timeline of Finmile
4 dated milestones of Finmile across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Finmile is founded.
- Funding First funding round of $15.9M.
- Acquisition Acquires Urb-it.
- Funding Latest funding round, Seed, of $7.0M.
Competitors of Finmile
Finmile 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 Zeo Route Planner, OptimoRoute, nextmv, Road Warrior and Vision Route Planner, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zeorouteplanner.com | 2017 | Camden, United States | – | – | Multi-stop delivery routes are optimized via specialized software. | |
| optimoroute.com | 2012 | Palo Alto, United States | $10.7M | – | Cloud-based route planning and field service scheduling software is provided. | |
| nextmv.io | 2019 | Sacramento, United States | $14.32M | – | Cloud-based software for delivery route automation is provided. | |
| roadwarrior.app | 2010 | Boulder, United States | – | – | Cloud-based route optimization for multiple deliveries is provided. | |
| routevisionplanner.com | 2021 | Milan, Italy | – | – | Route planning app optimizes multi-stop deliveries and saves time for drivers. | |
| smartmonkey.io | 2015 | Barcelona, Spain | – | – | AI and SaaS-based route optimization software is provided for logistics. | |
| routal.com | 2015 | Barcelona, Spain | $1.08M | – | Multi-stop route optimization solutions for delivery operations are provided. |
Detailed competitors of Finmile
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Web traffic of Finmile
The website of Finmile (finmile.co) receives about 9.7K visits a month.
- Monthly visits9.7K
▼ 47% vs previous month
Websites whose visitors overlap most with Finmile. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| burqup.com | 100% | 19.6K | #990,171 | View details | |
| onerail.com | 98% | 21.4K | #1,315,223 | View details | |
| roundtrip.ai | 98% | 25K | #1,180,440 | View details | |
| nuvizz.com | 97% | 61.2K | #1,272,989 | View details | |
smartroutes.io | smartroutes.io | 96% | – | #645,468 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 23 similar websites and full traffic analytics for Finmile
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- 23 similar websites
- Audience overlap
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- Traffic by brand
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Latest news on Finmile
Complete news archive for Finmile
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- Brand-specific news history
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Similar companies to Finmile
10 companies that operate in the same segment as Finmile (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about Finmile
Finmile was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Finmile is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Rich Pleeth is the current CEO of Finmile. They have also founded this company.
Finmile is a funded company, having raised a total of $22.93M across 2 funding rounds to date. The company's 1st funding round was a Seed of $15.93M, raised on Sep 2023.
Finmile has 9 employees.
Finmile is focused on providing AI-powered route optimization software and logistics management platforms. Solutions are designed to reduce delivery costs, optimize multi-stop routes, and enhance operational efficiency through real-time tracking. The company serves the logistics and transportation sector with innovative technology tools.
Finmile's top competitors include Zeo Route Planner, OptimoRoute and Road Warrior.
Finmile offers Finmile Route Optimization Software and Finmile Logistics Management Platform.
Finmile has made 1 acquisition, including Urb-it.
Finmile has 4 investors. Key investors include Simplex Investments, MaC Venture Capital, Side Door Ventures, and Pearls Capital.
Finmile operates through Fin Mile Logistics Limited.