M
Mile Auto
Fintech · Atlanta, United States · Founded 2019
A pay-per-mile auto insurance company using patented computer vision and machine learning technologies to help low mileage drivers save money MoreLess
Mile Auto offers pay-per-mile car insurance, which is a type of usage-based insurance that charges drivers based on the number of miles they drive.
The company's business model is designed to provide a more affordable car insurance option for people who drive less than the average driver, such as those who work from home, use public transportation, or have a second car that is not used frequently.
Mile Auto's customers are typically drivers who are looking for a more flexible and affordable car insurance option. The company's target market includes a wide range of drivers, from young adults to retirees.
The company makes money by charging a base rate and a per-mile rate. The base rate is a fixed monthly fee that covers the cost of the policy, while the per-mile rate is a variable fee that is based on the number of miles driven.
Keywords: pay-per-mile, usage-based insurance, auto insurance, low-mileage drivers, telematics, insurtech, vehicle insurance, car insurance, insurance policy, risk management
Company overview
Mile Auto company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2019
- Headquarters
- Atlanta, United States
- Employees
- 30
- Open positions
- None listed
- Dealroom signal
- 83.2
- Investment activity
- 1 companies · latest Jul 2026
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
Mile Auto funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Dec 2023 | $4.2M | $72M | Undisclosed | ↗ |
| SERIES A✓Equity / VC | Oct 2022 | $4M | $51M | Thornton Capital · Ulu Ventures · Sure Ventures · Emergent Ventures | ↗ |
| SERIES A✓Equity / VC | May 2021 | $10M | $35M | Sure Ventures · Emergent Ventures · Thornton Capital · Ulu Ventures | — |
| EARLY VC✓Equity / VC | Apr 2020 | $250K | $1M | Florida Funders | — |
| SEED✓Equity / VC | Feb 2019 | — | — | Ulu Ventures | — |
| SEED✓Equity / VC | Oct 2017 | Emergent Ventures | — | ||
| SEED✓Equity / VC | Oct 2016 | Emergent Ventures · Sure Ventures · Ulu Ventures | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 31 |
| 2025 | 30 |
| 2024 | 44 |
| 2023 | 27 |
| 2022 | 20 |
Growth signals
Mile Auto website traffic
Latest recorded traffic for Mile Auto is 80K monthly website visits, up 50.9% over the last three months. Mile Auto's team grew 0% over the past year.
Comparisons
Mile Auto compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
Mile Auto investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Talent graph
Mile Auto's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Mile Auto has talent and traffic
team presence
In the news
Latest news about Mile Auto
Recent press, funding announcements, and product moves mentioning Mile Auto — open to read from the original sources.
Market sentiment
What the market is saying about Mile Auto
An AI-synthesized read of the highest-engagement posts about Mile Auto on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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