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

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
Lumleys Series A