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Miles

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Santa Clara, United StatesFounded 2016Transportation
Valuation $0–100M Latest valuation · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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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.

Source: Dealroom company data

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.

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Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AEquity / VC Jul 2021 $13M $50M Scrum Ventures · TechNexus · TransLink Capital · Synapse Partners
SEEDEquity / VC Apr 2019 $2.6M $10M JetBlue Ventures · SAIC Capital · Porsche · Sony Innovation Fund
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Miles website traffic

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.

Latest monthly visits8.7K 3-month web change+24.3% 1-year team growth-2.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investors

27 investors on the cap table

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
  • Harris Barton
  • Neeraj Sahejpal
  • Keith Teare
  • Third Sphere
  • Ikuo Hiraishi
  • H Venture Partners
  • Ron Drabkin
  • Shigeru Urushibara
  • Scrum Ventures
  • Gabe 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
Team profiled 18 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇺🇸 United States71.4%
🇯🇵 Japan7.1%
🇦🇪 United Arab Emirates7.1%
🇮🇳 India7.1%
🇵🇰 Pakistan7.1%
5 countries shown

Market sentiment

Posts on X, past 7 days

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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