MileIQ is a smart mileage-tracking service that provides a mobile app, a web dashboard and cloud-based storage to capture deductible or reimbursable miles. Led by co-founder and CEO Chuck Dietrich, the company launched in January 2014. Since its launch it has been adopted by hundreds of thousands of users in the United States who average $535 in driving-related deductions each month. MileIQ is available for iOS on the App Store and for Android on Google Play. The company plans to use new funding to evolve its offerings, introduce versions on more platforms, and accelerate user growth in new regions. MileIQ is based in San Francisco, CA. MileIQ offers a smartphone app that automatically captures every mile users drive without taxing battery life or requiring interaction. The platform targets a self-directed workforce of realtors, sales reps, freelancers and business owners to help collect deductions and reimbursements. Drives can be marked business or personal with a single swipe, and the service automates much of the classification and calculation of drives. MileIQ integrates with FreshBooks, Concur and other accounting, expense and tax platforms. The app is available from the App Store and will soon be available from Google Play. The company raised $3M in seed financing as reported in the article.

Total raised

$14M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2015