About MileIQ
MileIQ is a company based in San Francisco (United States) founded in 2012 was acquired by Bending Spoons in July 2025.. MileIQ has raised $15.11 million across 2 funding rounds from investors including Microsoft, Bending Spoons and Investor. MileIQ offers products and services including MileIQ App. MileIQ operates in a competitive market with competitors including Ramp, Brex, Navan, Spendesk and Concur, among others.
- Headquarter San Francisco, United States
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Sectors
Travel & HospitalityTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Mileiq Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.11 M (USD)
in 2 rounds
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Latest Funding Round
$12.11 M (USD), Series A
Jan 29, 2015
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Investors
Microsoft
& 7 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of MileIQ
MileIQ offers a comprehensive portfolio of products and services, including MileIQ App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App automatically logs drives for tax deductions and reimbursements.
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Funding Insights of MileIQ
MileIQ has successfully raised a total of $15.11M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12.11 million completed in January 2015. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $12.1M
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First Round
First Round
(16 Sep 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Series A - MileIQ | Valuation | Trinity Ventures | |
| Sep, 2014 | Amount | Seed - MileIQ | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MileIQ
MileIQ has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Microsoft, Bending Spoons and Investor. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in early-stage technology and real estate companies.
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Founded Year | Domain | Location | |
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CRV is recognized as a venture capital firm investing in technology startups.
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Founded Year | Domain | Location | |
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Early-stage investments are provided to transformative technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MileIQ
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MileIQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mileiq Comparisons
Competitors of MileIQ
MileIQ 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 Ramp, Brex, Navan, Spendesk and Concur, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about MileIQ
When was MileIQ founded?
MileIQ was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is MileIQ located?
MileIQ is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is MileIQ a funded company?
MileIQ is a funded company, having raised a total of $15.11M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Sep 16, 2014.
What does MileIQ do?
MileIQ was founded in 2012 in San Francisco, United States, within the software sector focused on business expense management. Mobile applications for Android and iOS platforms are utilized to detect drives automatically and sync data to the cloud. IRS-compliant records are generated to support mileage deductions for small business owners and self-employed individuals. Operations emphasize accurate documentation, with pricing set as a fixed monthly subscription.
What products or services does MileIQ offer?
MileIQ offers MileIQ App.
Who are MileIQ's investors?
MileIQ has 8 investors. Key investors include Microsoft, Bending Spoons, Investor, Trinity Ventures, and CRV.