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. Its primary sector is Finance & Accounting Tech. In United States, the Finance & Accounting Tech sector has seen $722M in funding in 2026 to date.

Where does MileIQ rank among its competitors?

MileIQ ranks 11th amongst 343 active competitors, of which 61 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Jeeves, which secured $100M in Dec, 2025.

Who are the top competitors of MileIQ?

MileIQ's top competitors include Brex, Ramp and Navan. Among them, Jeeves secured the most recent funding round in December, 2025.

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 343 active competitors, including 61 funded and 65 that have exited. Its top competitors include companies like Brex, Ramp and Navan.

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

11^th among 343 active competitors

Employee Count

11 - 50 as on Jul 01, 2024

Similar Companies

Brex & 487 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		-	-	-

MileIQ got acquired by Bending Spoons on Jul 01, 2025. It was facilitated by Eight Advisory, J P Morgan and Willkie Farr & Gallagher.

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	7235432	Series A	7121725	4762056	3772730	4189888
Sep 16, 2014	8241078	Seed	5832593	5489511	1339583	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.
Contact Info: 1 email address
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 Brex, Ramp and Navan. 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	Brex 2017, Draper (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	Greenoaks, DST Global & 63 others	85/100
2nd	Ramp 2019, New York City (United States), Series E	Provider of a platform for spend management, corporate cards, and payables	$2.44B	Founders Fund, Coatue & 62 others	84/100
3rd	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
4th	Pleo 2015, Copenhagen (Denmark), Series C	Provider of spend management platform with virtual and physical card options	$434M	Coatue, Kinnevik & 15 others	80/100
5th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	IVP, Redpoint Ventures & 7 others	75/100
6th	Fyle 2016, Newark (United States), Acquired	Provider of expense management software automating receipt tracking and reconciliation	$15.4M	Pravega Ventures, Tiger Global Management ... & 24 others	74/100
7th	Spendesk 2016, Paris (France), Series C	Provider of spend management platform automating expense claims and invoice processing	$304M	Index Ventures, Tiger Global Management & 22 others	74/100
8th	Emburse 2002, San Francisco (United States), Acquired	Provider of travel, expense, payment, invoice, and automation management solutions	$7.5M	FCVC, Bessemer Venture Partners & 27 others	72/100
9th	Jeeves 2019, New York City (United States), Series C	Digital company offering payment and corporate financial cards	$380M	CRV, GIC & 71 others	72/100
10th	Payhawk 2018, Sofia (Bulgaria), Series B	Provider of spend management platform with AI-powered automation and control	$239M	QED Investors, Greenoaks & 21 others	70/100
11th	MileIQ 2012, San Francisco (United States), Acquired	Mileage tracking software for small business owners and self-employed individuals	$15.1M	Investor, Graph Ventures & 7 others	69/100