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By Miles
company
About
By Miles is reinventing car insurance - pay an annual cost to cover your car while it's parked, then pay by the miles you drive each month.
- 51 - 100
Highlights
Details
- Last Funding Type
- Series A
- Last Funding Money Raised
- £5M
- Industries
- Auto Insurance,Insurance,InsurTech
- Founded date
- Sep 1, 2016
- Number Of Employee
- 51 - 100
- Operating Status
- Active
By Miles offers fairer, more flexible car insurance for low mileage drivers. Aside from a fixed annual cost, each policy is paid by the mile so it's totally tailored to you. See every journey and use handy tools in their mobile app to make your driving life easier.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
3
£21M
By Miles has raised a total of
£21M
in funding over 2 rounds. Their latest funding was raised on
May 22, 2020 from a Series B round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| May 22, 2020 | Series B | £15M | 1 | — | — | Detail |
| Feb 27, 2019 | Series A | £5M | 2 |
Octopus Ventures
|
— | Detail |
| Jul 25, 2018 | Seed | £1M | 1 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
1
2
By Miles is funded by 2 investors.
Octopus Ventures
and Lumleys
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Octopus Ventures
|
— | Series B |
|
|
— | Series A |
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