About Miracle Miles Tech
Miracle Miles Tech is a company based in Changsha (China) founded in 2019. Miracle Miles Tech has raised $100 million across 1 funding round from investors including IDG Capital and Sequoia Capital. Miracle Miles Tech operates in a competitive market with competitors including Mochiko Group, Condor Footwear India, Wojas, SimplicityWorks and Pou Chen Corporation, among others.
- Headquarter Changsha, China
- SectorsIndustrial Goods & Manufacturing
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website mirmiles.com
- Social LinkedIn
- Total Equity Funding$100M (USD)
in 1 rounds
- Latest Funding Round$100M (USD), Series A
Jun 2022
- InvestorsIDG Capital
& 1 more
Funding Insights of Miracle Miles Tech
Miracle Miles Tech has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Series A round of $100 million completed in June 2022. 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 $100M
- Total Rounds 1
- Last Round Series A β $100M
- First Round $100M
(Jun 2022)
- Investors Count 2
All 1 funding rounds of Miracle Miles Tech 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 |
|---|---|---|---|---|---|
| Jun 2022 | $100M | Series A | β | IDG Capital, Sequoia Capital | β |
2 investors in total: 2 institutional.
Investors in Miracle Miles Tech
Miracle Miles Tech has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include IDG Capital and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm | – | idgcapital.com | New York, United States | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - |
Investor details for Miracle Miles Tech
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People of Miracle Miles Tech
2 people are tracked at Miracle Miles Tech (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Calvin Lin | CEO | Leadership |
Lavinia Zhao | Senior Sales And Operation Manager- Retail&wholesale | Team |
Complete people profiles for Miracle Miles Tech
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Timeline of Miracle Miles Tech
2 dated milestones of Miracle Miles Tech across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Miracle Miles Tech is founded.
- Funding First funding round of $100.0M.
Competitors of Miracle Miles Tech
Miracle Miles Tech 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 Mochiko Group, Condor Footwear India, Wojas, SimplicityWorks and Pou Chen Corporation, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mochiko.in | 2007 | Dehradun, India | – | 11,287 | Brand of men & women footwear | |
| condorgroup.in | 1995 | Surat, India | – | 674 | Manufactures PU footwear in India and exports to over 45 countries through wholesale and online channels. | |
| wojas.pl | 1990 | Nowy Targ, Poland | – | – | Footwear, bags, and accessories are manufactured and distributed by Wojas. | |
| simplicity.works | 2011 | Elche, Spain | – | – | Shoes are manufactured on contract in Elche, Spain. | |
| pouchen.com | 1969 | Taichung, Taiwan | – | 358,977 | Athletic and casual footwear is manufactured by the company. | |
| srfootwears.com | 1989 | Sahibzada Ajit Singh Nagar, India | – | 20 | Footwear is manufactured on a contract basis in India. |
Detailed competitors of Miracle Miles Tech
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Web traffic of Miracle Miles Tech
The website of Miracle Miles Tech (mirmiles.com) receives about 2.5K visits a month.
- Monthly visits2.5K
▲ 35.1% vs previous month
Latest news on Miracle Miles Tech
Complete news archive for Miracle Miles Tech
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Similar companies to Miracle Miles Tech
10 companies that operate in the same segment as Miracle Miles Tech (Contract & Outsourced Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | San Jose, California, United States | – | USD 27.91 B | 147,980 | |
Electronic products and components are manufactured globally by Foxconn. | 1974 | Taipei, Taiwan | – | – | 12,716 | |
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Automotive components are manufactured and supplied to OEMs. | 1957 | Aurora, Ontario, Canada | – | USD 42.92 B | 170,000 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 22.67 M | USD 114.37 M | 618 | |
Equipment and parts for HVAC/R industry are supplied. | 1956 | Miami, Florida, United States | – | USD 7.24 B | 7,290 | |
Smart hardware and vehicle electronics are manufactured on contract. | 2005 | Pudong, Shanghai, China | USD 431.15 M | USD 24.45 B | – | |
Clas Ohlson was founded in 1918 in Insjön, Sweden. | 1918 | Insjon, Dalarna, Sweden | – | USD 1.35 B | – | |
Application-oriented research is conducted in bioeconomy, AI, and climate technologies. | 1949 | Darmstadt, Hesse, Germany | USD 23.27 M | – | – | |
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | – | USD 400 M | 40,280 |
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Frequently Asked Questions about Miracle Miles Tech
Miracle Miles Tech was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Miracle Miles Tech is headquartered in Changsha, China. It is registered at Changsha, Hunan, China.
Miracle Miles Tech is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Series A of $100M, raised on Jun 2022.
Founded in 2019, Miracle Miles Tech is based in Changsha, China, where contract manufacturing operations for footwear and clothing are carried out. Services encompass production processes tailored to client specifications within the apparel and footwear sectors. The company operates through its domain mirmiles.com, supporting supply chain needs in the global textile industry from its Chinese location.
Miracle Miles Tech's top competitors include Pou Chen Corporation, Mochiko Group and Wojas.
Miracle Miles Tech has 2 investors. Key investors include IDG Capital, and Sequoia Capital.