Mile Auto is an auto insurance technology provider and MGA providing mileage-based solutions for insurance carriers, automakers and drivers.
Business Model:
Revenue: $6.2M
Employees: 11-50
Address: 900 Circle 75 Parkway
City: Atlanta
State: GA
Zip: 30339
Country: US
Mile Auto is a pay-per-mile auto insurance company that uses patented computer vision technologies to help low mileage drivers save money. Mile Auto customers use their smartphones to report mileage once a month, and then pay based on exact miles driven. The result is simple, transparent billing. Mile also provides mileage-based technologies for insurance carriers and automakers interested in providing innovative insurance solutions for their customers. For example, in partnership with Porsche Financial Services, Mile has created and operates Porsche Auto Insurance for all Porsche owners in states in which Mile has received regulatory approval. Mile Auto is headquartered in Atlanta, Georgia.
Contact Phone:
+18886453001
Contact Email:
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 4/2020 | Venture Round | 1 | $250k |
Florida Funders Florida Funders |
5/2021 | Seed | 4 | $10.3M |
Emergent Ventures Sure Ventures Thornton Capital Ulu Ventures Emergent Ventures Sure Ventures Thornton Capital Ulu Ventures |
8/2022 | Debt | $4M | 2/2022 | Unattributed | $2.1M | 10/2017 | Seed Round | 5 | $1.2M |
AS13 Emergent Ventures INSEAD Angels Sure Ventures Ulu Ventures AS13 Emergent Ventures INSEAD Angels Sure Ventures Ulu Ventures |
2/2019 | Seed Round | $0 |
Emergent Ventures JUMP Investors Ulu Ventures Emergent Ventures JUMP Investors Ulu Ventures |
10/2022 | Debt Financing | $4M | 2/2019 | Seed Round | 3 | $1M |
Emergent Ventures JUMP Investors Ulu Ventures Emergent Ventures JUMP Investors Ulu Ventures |
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