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
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100 M (USD)
in 1 rounds
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Latest Funding Round
$100 M (USD), Series A
Jun 22, 2022
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Investors
IDG Capital
& 1 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 1
- Last Round Series A — $100.0M
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First Round
First Round
(22 Jun 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Miracle Miles Tech | Valuation | IDG Capital , Sequoia Capital |
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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 |
|---|---|---|---|---|
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Venture capital firm
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
Investments & Acquisitions by Miracle Miles Tech
Financial Statements - Miracle Miles Tech
Miracle Miles Tech Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Brand of men & women footwear
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| domain | founded_year | HQ Location |
Manufactures PU footwear in India and exports to over 45 countries through wholesale and online channels.
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| domain | founded_year | HQ Location |
Footwear, bags, and accessories are manufactured and distributed by Wojas.
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| domain | founded_year | HQ Location |
Shoes are manufactured on contract in Elche, Spain.
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| domain | founded_year | HQ Location |
Athletic and casual footwear is manufactured by the company.
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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 22, 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.