M
Miles
Getting there is only half the fun
About Miles
Miles positions itself as a universal rewards platform that monetizes all forms of travel. Established in 2016 by Jigar Shah, Paresh Jain, and Parin Shah, the company launched its app in July 2018. The founding team combines expertise from relevant sectors; CEO Jigar Shah was a product leader at Cisco, while CBO Paresh Jain previously served as a vice president at Morgan Stanley, focusing on the auto and mobility sector. This background informs the company's core value proposition: rewarding users for every mile traveled, regardless of the method.
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The business operates a mobile application that functions automatically in the background, using smartphone sensors to detect and log a user's mode of transport—from walking and biking to car, train, or plane travel. The model is designed to incentivize greener and healthier transportation choices by offering tiered rewards; for example, walking earns 10x the miles of driving, biking earns 5x, and public transit earns 3x. Users accumulate these miles and can redeem them for rewards, gift cards, or discounts from a network of partner brands. After launching, the company reported that users had earned over 270 million miles and redeemed around 40,000 rewards, with an average value of $20 per reward.
Revenue generation for Miles is primarily driven by its partnerships. The company earns money when consumers redeem rewards through the platform, functioning on a commission-based or performance-based fee structure. Another revenue stream comes from offering brands a targeted marketing channel, allowing them to present personalized offers to users based on aggregated, anonymous travel data and predictive AI technology. Miles has secured a total of $20 million in funding across four rounds, with a significant $12.5 million Series A round in July 2021 led by Scrum Ventures. Its investor base includes notable venture firms like JetBlue Technology Ventures, Porsche Ventures, and Sony Innovation Fund. However, according to a notice on its website, the Miles app ceased operations on May 14, 2025, after nearly nine years.
At a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Santa Clara, United States
- Employees
- 45
- Open positions
- None listed
- Dealroom signal
- 65.9/100
- Industry
- Transportation
- Sub-industry
- Mobility
- Sector
- Transportation, Travel, Predictive Analytics, Lifestyle, Sustainable Development Goals, Climate Tech, Hard Tech
- Technology
- Big Data, Nanotech
- Business model
- SaaS
- Client focus
- b2c
Latest news
Press, funding announcements and product moves mentioning Miles.
Funding history
Company financing events and reported valuations.
Growth signals
Latest recorded traffic for Miles is 8.7K monthly website visits, up 24.3% over the last three months. Miles's team declined 2.2% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed19 investors entered at this stage
Archimedes Labs
Viral Bajaria
Kambiz Hooshmand
Ashish Toshniwal- HBHarris Barton
Neeraj Sahejpal
Keith Teare
Third Sphere
Ikuo Hiraishi
H Venture Partners
Ron Drabkin
Shigeru Urushibara
Scrum Ventures- GKGabe Klein
Porsche
Ira Nydick
JetBlue Ventures
SAIC Capital
Sony Innovation Fund
Series A5 investors entered at this stage
TechNexus
TransLink Capital
Synapse Partners
Japan Airlines (JAL)
Aioi Nissay Dowa Insurance
Other known investors3 additional known investors
Ludovic Copéré
Porsche Ventures
Realm Capital Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Miles on X, ranked by likes and reposts, corporate channels excluded.
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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