By Miles Overview
- Year Founded
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2015
- Status
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Acquired/Merged
- Employees
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77
- Latest Deal Type
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M&A
By Miles General Information
Description
Provider of pay-by-mile car insurance services intended to offer insurance policies for cars. The company's services integrate a smartphone application and a black box to detect the usage of a car and charge drivers according to the exact distance covered in real-time, enabling drivers to save on insurance costs by only paying for the miles they drive.
Contact Information
Website
www.bymiles.co.uk(Operating Subsidiary)
Corporate Office
- 2-14 Shortlands
- Hammersmith
- London W6 8DJ
- England, United Kingdom
Corporate Office
- 2-14 Shortlands
- Hammersmith
- London W6 8DJ
- England, United Kingdom
By Miles Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 8. Merger/Acquisition | 24-Apr-2023 | Completed | Generating Revenue | |||
| 7. Later Stage VC (Series B) | 22-May-2020 | Completed | Generating Revenue | |||
| 6. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 5. Early Stage VC (Series A) | 27-Feb-2019 | Completed | Generating Revenue | |||
| 4. Seed Round | 25-Jul-2018 | Completed | Generating Revenue | |||
| 3. Accelerator/Incubator | 29-Nov-2017 | Completed | Startup | |||
| 2. Seed Round | 20-Sep-2017 | $164K | $612K | Completed | Startup | |
| 1. Seed Round | 29-Jun-2017 | $448K | $448K | Completed | Startup |
By Miles Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | 200 | $0.013179 | $65.89 | $65.89 | 1x | $65.89 | 1.17% | |
| Ordinary | 1,100 | $0.013179 | $59.9 | $59.9 | 1x | $59.9 | 6.45% |
By Miles Comparisons
Industry
Financing
Details
By Miles Competitors (4)
One of By Miles’s 4 competitors is Cuvva, a Venture Capital-Backed company based in London, United Kingdom.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Cuvva | Venture Capital-Backed | London, United Kingdom | ||||
| Zego | Venture Capital-Backed | London, United Kingdom | ||||
| Insurethebox | Corporate Backed or Acquired | Newcastle upon Tyne, United Kingdom | ||||
| My Policy | Formerly PE-Backed | Halesowen, United Kingdom |
By Miles Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
By Miles Patents
By Miles Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20210192636-A1 | Computing vehicle insurance charges | Inactive | 23-Dec-2019 |
By Miles Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
By Miles Former Investors (7)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| 14W | Venture Capital | Minority | ||
| CommerzVentures | Venture Capital | Minority | ||
| InMotion Ventures | Corporate Venture Capital | Minority | ||
| Insurtech Gateway | Venture Capital | Minority | ||
| JamJar Investments | Venture Capital | Minority |
By Miles FAQs
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When was By Miles founded?
By Miles was founded in 2015.
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Where is By Miles headquartered?
By Miles is headquartered in London, United Kingdom.
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What is the size of By Miles?
By Miles has 77 total employees.
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What industry is By Miles in?
By Miles’s primary industry is Automotive Insurance.
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Is By Miles a private or public company?
By Miles is a Private company.
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What is By Miles’s current revenue?
The current revenue for By Miles is .
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How much funding has By Miles raised over time?
By Miles has raised $26.9M.
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Who are By Miles’s investors?
14W, CommerzVentures, InMotion Ventures, Insurtech Gateway, and JamJar Investments are 5 of 7 investors who have invested in By Miles.
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Who are By Miles’s competitors?
Cuvva, Zego, Insurethebox, and My Policy are competitors of By Miles.
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When was By Miles acquired?
By Miles was acquired on 24-Apr-2023.
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Who acquired By Miles?
By Miles was acquired by Direct Line Insurance Group.
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