When was MileIQ founded?

MileIQ was founded in 2012 and raised its 1st funding round 2 years after it was founded.

Where is MileIQ located?

MileIQ is headquartered in San Francisco, United States.

How many employees does MileIQ have?

As of Jul 01, 2024, the latest employee count at MileIQ is 11 - 50.

Is MileIQ a funded company?

MileIQ is a funded company, having raised a total of $15.1M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 16, 2014.

When was the latest funding round of MileIQ?

MileIQ's latest funding was a $***** Series A round on Jan 29, 2015, with participation from 5 investors.

Where does MileIQ rank among its competitors?

MileIQ ranks 22nd amongst 348 active competitors, of which 62 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Ramp, which secured $782M in Jun, 2026.

Who are the top competitors of MileIQ?

MileIQ's top competitors include Ramp, Navan and Pleo. Among them, Ramp secured the most recent funding round in June, 2026.

MileIQ - 2026 Company Profile, Team, Funding & Competitors

MileIQ is an acquired company based in San Francisco (United States), founded in 2012 by Dan Bomze and Chuck Dietrich. It operates as a Mileage tracking software for small business owners and self-employed individuals. MileIQ has raised $15.1M in funding from Trinity Ventures. The company has 348 active competitors, including 62 funded and 66 that have exited. Its top competitors include companies like Ramp, Navan and Pleo.

Company Details

MileIQ is a mileage tracking app for small business owners and self-employed individuals to log their drives and ensure they have complete, accurate, IRS-compliant documentation to back up their mileage deduction. MileIQ catches drives automatically, syncs them to the cloud, and generates accurate mileage records. Its mobile apps are available for Android and iOS platforms. Pricing is based on a fixed monthly subscription.

Website: mileiq.com
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Key Metrics

Founded Year

2012

Location

San Francisco, United States

Stage

Acquired

Total Funding

$15.1M in 2 rounds

Latest Funding Round

Series A, Jan 29, 2015, $*****

Investors

Trinity Ventures & 8 more

Ranked

22^nd among 348 active competitors

Employee Count

11 - 50 as on Jul 01, 2024

Similar Companies

Ramp & 492 more

Exit Details

Acquired by Bending Spoons (Jul 01, 2025)

View MileIQ's full profile

MileIQ is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MileIQ Inc. CIN: 862147545 , United States, Active		-	28 (As on Dec 31, 2024)	-

MileIQ got acquired by Bending Spoons on Jul 01, 2025.

Click here to take a look at MileIQ's acquisition in detail

MileIQ has raised a total funding of $15.1M over 2 rounds. Its first funding round was on Sep 16, 2014. Its latest funding round was a Series A round on Jan 29, 2015 for $*****. 5 investors participated in its latest round. MileIQ has 7 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of MileIQ:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 29, 2015	4343762	Series A	3754477	7987720	7248315	6467440
Sep 16, 2014	4144044	Seed	4242773	2115685	2056668	SV Angel & 2 more

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View details of MileIQ's funding rounds and investors

The founders of MileIQ are Dan Bomze and Chuck Dietrich.

Here are the details of MileIQ's key team members:

Dan Bomze: Co- Founder & COO of MileIQ and founder of 1 other company.
Chuck Dietrich: Former Co-Founder & CEO of MileIQ.
Contact Info: 1 email address

View details of MileIQ's Founder profiles and Board Members

MileIQ's employee count trend

MileIQ has 11 - 50 employees as of Jul 24. Here is MileIQ's employee count trend over the years:

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Top competitors of MileIQ include Ramp, Navan and Pleo. Here is the list of Top 10 competitors of MileIQ, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ramp 2019, New York City (United States), Series F	Provider of a platform for spend management, corporate cards, and payables	$3.22B	Founders Fund, Coatue & 72 others	84/100
2nd	Navan 2015, Palo Alto (United States), Public	Provider of a platform for business travel and expense management	$1.58B	Andreessen Horowitz, Greenoaks & 22 others	80/100
3rd	Pleo 2015, Copenhagen (Denmark), Series C	Provider of spend management platform with virtual and physical card options	$434M	Kinnevik, Thrive Capital & 15 others	80/100
4th	Brex 2017, San Francisco (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	DST Global, Greenoaks & 70 others	80/100
5th	Spendesk 2016, Paris (France), Series C	Provider of software for managing corporate spending and invoice processing	$304M	Index Ventures, General Atlantic & 22 others	77/100
6th	Emburse 2002, San Francisco (United States), Acquired	Provider of software for managing corporate travel and expense reporting	$7.5M	Salesforce Ventures, Sherpalo Ventures & 27 others	76/100
7th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	Redpoint Ventures, RRE Ventures & 8 others	75/100
8th	Marqeta 2010, Oakland (United States), Public	Provider of a platform for modern card issuing and payment solutions	$528M	Coatue, Greylock Partners & 64 others	75/100
9th	Expensify 2008, San Francisco (United States), Public	Provider of expense management software, corporate cards, and travel booking	$27.8M	Redpoint Ventures, OpenView & 11 others	74/100
10th	Clara 2020, Sao Paulo (Brazil), Series B	Provider of corporate spend management software and business credit cards	$204M	DST Global, Kaszek & 43 others	71/100
22nd	MileIQ 2012, San Francisco (United States), Acquired	Mileage tracking software for small business owners and self-employed individuals	$15.1M	Graph Ventures, Recursive Ventures & 7 others	61/100