About MileIQ
MileIQ is a Travel & Hospitality company based in San Francisco (United States) founded in 2012, and was acquired by Bending Spoons in July 2025. Mileage tracking is automated for small businesses and self-employed users. It operates in the Travel & Hospitality and Technology sectors. MileIQ has raised $15.11 million across 2 funding rounds from investors including Microsoft, Bending Spoons and Investor. Its website mileiq.com draws about 360 thousand monthly visits. MileIQ offers products and services including MileIQ App. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its legal entity is MileIQ Inc. Its competitors include Ramp, Brex and Navan; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$15.11M (USD)
in 2 rounds
- Latest Funding Round$12.11M (USD), Series A
Jan 2015
- InvestorsMicrosoft
& 7 more
- Acquired by
Products & Services of MileIQ
MileIQ offers a comprehensive portfolio of products and services, including MileIQ App.
App automatically logs drives for tax deductions and reimbursements.
Apps and channels of MileIQ
its YouTube channel MileIQ has 4.99K subscribers and 30 videos.
Videos from MileIQ
The most watched videos on MileIQ's YouTube channel, MileIQ (4.99K subscribers). Click a video to play it here.
More on MileIQ.
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 $15.11M
- Total Rounds 2
- Last Round Series A — $12.11M
- First Round $3M
(Sep 2014)
- Investors Count 6
All 2 funding rounds of MileIQ 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 2015 | $12.11M | Series A | – | Trinity Ventures | |
| Sep 2014 | $3M | Seed | – | – |
8 investors in total: 6 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in early-stage technology and real estate companies. | trinityventures.com | |||
CRV is recognized as a venture capital firm investing in technology startups. | crv.com | Palo Alto, United States | ||
Early-stage investments are provided to transformative technology companies. | svangel.com | San Francisco, United States | ||
Investments are directed by the Wallenberg family into Nordic sectors. | 1916 | investorab.com | Stockholm, Sweden | |
Microsoft is recognized for software, hardware, and gaming solutions. | 1975 | microsoft.com | Redmond, United States | |
TH Tom Hulme | British angel investor, GV partner, active in Indian startups | unknown_0b204fa963f84c399 | ||
MB Marc Benioff | unknown_fc01df8bb2a0408a8 | |||
Mobile applications and AI technologies are developed and operated. | 2013 | bendingspoons.com | Milan, Italy |
Investor details for MileIQ
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 MileIQ
7 people are tracked at MileIQ (2 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Maksym Titov | Head Of Product Engineering | Leadership |
Pavel H. | Head Of Mobile | Leadership |
Irene Hughes | People + Biz Ops | Team |
Victor Kreniski | Ios Engineering Manager | Team |
Adisa A. Alexis | Customer Experience Lead | Team |
Yuiti Ara | Machine Learning Engineer | Team |
Ostap Kyselytsia | Senior Ios Engineer | Team |
Complete people profiles for MileIQ
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 MileIQ
5 dated milestones of MileIQ across 13 years, from founding to its latest funding, stage changes and deals.
- Founded MileIQ is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series A, of $12.1M.
- Exit Acquired by Microsoft.
- Exit Acquired by Bending Spoons.
Competitors of MileIQ
MileIQ has 3 listed competitors in our database, 3 of them funded. They include Ramp, Brex and Navan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ramp.com | 2019 | New York, United States | $5.07B | Spend management and accounts payable solutions are delivered to businesses. | ||
| brex.com | 2017 | Draper, United States | $1.2B | SaaS-driven credit card and spend management solutions platform for businesses | ||
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. |
Detailed competitors of MileIQ
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 MileIQ
The website of MileIQ (mileiq.com) receives about 360.5K visits a month and ranks #133,986 among all websites worldwide, #8,376 in Financial Planning and Management.
- Monthly visits360.5K
▲ 6.7% vs previous month
- Unique visitors105.1K
per month
- Global rank#133,986
among all websites
- Category rank#8,376
Finance · Financial Planning and Management
- Bounce rate44%
- Pages per visit3.5
- Average visit2 min 00 sec
- DevicesDesktop 77% · Mobile 23%
Websites whose visitors overlap most with MileIQ. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| expressmileage.com | 100% | 680.7K | #3,213,923 | View details | |
viewthenumbers.com | viewthenumbers.com | 96% | #4,098,435 | – | |
| everlance.com | 86% | 158.2K | #219,816 | View details | |
| chase.com | 86% | 198.6M | #125 | View details | |
| citi.com | 76% | 138.9M | #349 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 32 similar websites and full traffic analytics for MileIQ
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 32 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Online Travel
3 companies that operate in the same segment as MileIQ (Online Travel) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 | ||
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | 5,191 |
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Frequently Asked Questions about MileIQ
MileIQ was founded in 2012 and raised its 1st funding round 2 years after it was founded.
MileIQ is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
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 2014.
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.
MileIQ offers MileIQ App.
MileIQ has 8 investors. Key investors include Microsoft, Bending Spoons, Investor, Trinity Ventures, and CRV.
MileIQ operates through Mileiq Inc..
Yes. MileIQ was acquired by Microsoft in November 2015.
The website of MileIQ receives about 360 thousand visits a month and ranks #133,986 among all websites worldwide.