By Miles
Car insurance you pay by the mile.
Car insurance you pay by the mile.
By Miles is a UK-based car insurance startup providing pay-by-mile services, aiming to create a fairer insurance model for low mileage drivers. Founded in 2016, the company has garnered recognition, being voted as the best car insurance provider and having the best insurance app at the Insurance Choice Awards 2020 and 2019.
The company's mission extends beyond just transforming car insurance; it aims to be a fairer employer as well. By Miles' core guiding principles, termed as Virtues, including respect, fairness, growth, efficiency, and ambition, reflect its commitment to fostering a positive and inclusive work culture.
The most recent milestone for By Miles was a £15.00M Series B investment on 22 May 2020, with participation from prominent investors such as JamJar Investments, Octopus Ventures, CommerzVentures, and Insurtech Gateway. The company continues to lead the way in the insurance and insurtech sectors by offering innovative and cost-effective solutions for a fairer driving experience.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series B | £15.00M | 4 |
|
22 May 2020 |
| Series A | £5.00M | 6 |
|
27 Feb 2019 |
| Seed Round | £1.00M | - | 25 Jul 2018 | |
| Non Equity Assistance | Unknown | - | 13 Oct 2017 | |
| Seed Round | £274.00K | - | 30 Jun 2017 |
No recent news or press coverage available for By Miles.
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