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Mile Auto - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Mile Auto including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Mile Auto company logo

Pay-Per-Mile Auto Insurance | The less you drive, the more you save.

Mile Auto is a pay-per-mile auto insurance company using patented computer vision technologies to help low mileage drivers save money.

HeadquartersAtlanta, Georgia, United States
Team size11-50
Founded2017

What is Mile Auto? - Company Overview & Details

Mile Auto is Mile Auto is a pay-per-mile auto insurance company using patented computer vision technologies to help low mileage drivers save money. Founded in 2017, the company is headquartered in Atlanta, Georgia, United States.

Who Founded Mile Auto?

Mile Auto was founded by Fred Blumer.

Who are the Key Executives at Mile Auto? - Leadership Team

Mile Auto is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Mile Auto

Fred BlumerCEO

Chief Technology Officer (CTO) of Mile Auto

CTO

About Fred Blumer - CEO of Mile Auto

Fred Blumer serves as the Chief Executive Officer of Mile Auto, leading the company's strategic vision and operations. Connect with them on LinkedIn for professional insights.

Mile Auto Company Details & Key Information

Where is Mile Auto located?

Mile Auto is headquartered in Atlanta, Georgia, United States.

How many employees does Mile Auto have?

Mile Auto has 11-50 employees.

When was Mile Auto founded?

Mile Auto was founded in 2017.

Mile Auto Official Website

How much funding has Mile Auto raised?

Mile Auto has raised $16 million across 2 funding rounds. The most recent funding was completed on 2022-10-11.

Funding Overview

Mile Auto has raised a total of $16 million through multiple funding rounds, including a $10.3 million seed round and additional financing of $4 million.

$16 million
Total Funding Raised
2
Funding Rounds
2022-10-11
Latest Round

Mile Auto Funding History

Seed
2021-05-24
$10.3 million
Seed
2022-10-11
$4 million

Who are the key investors in Mile Auto?

Mile Auto is backed by 4 key investors including Ulu Ventures, Emergent Ventures, Sure Ventures. These investors focus on Insurtech, Technology, Insurance sectors.

Mile Auto Investor Overview

4
Key Investors
5
Focus Areas
4
Notable Investments

Complete List of Mile Auto Investors

Ulu Ventures

California-based venture capital firm focusing on early-stage investments.

Investment Focus
Insurtech
Technology
Notable Portfolio Companies
Mile Auto

Emergent Ventures

Investment firm supporting technology-driven startups.

Investment Focus
Technology
Insurance
Notable Portfolio Companies
Mile Auto

Sure Ventures

Investment firm specializing in technology-driven ventures.

Investment Focus
Insurtech
Startups
Notable Portfolio Companies
Mile Auto

Thornton Capital

Angel investment firm based in Louisville, Kentucky.

Investment Focus
Early-stage investments
Notable Portfolio Companies
Mile Auto

What sectors do Mile Auto investors focus on?

The investors backing Mile Auto primarily focus on Insurtech, Technology, Insurance, Startups, Early-stage investments sectors.

Insurtech
Technology
Insurance
Startups
Early-stage investments

Featured Investor: Ulu Ventures

Ulu Ventures

California-based venture capital firm focusing on early-stage investments.

Notable Investments: Mile Auto

What are Mile Auto's future plans?

Mile Auto Continue expanding into more states and enhancing product offerings focused on low-mileage insurance.

Mile Auto Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does Mile Auto face?

Mile Auto has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Mile Auto

1

Market competition

2

Operational scaling during growth

What opportunities does Mile Auto have?

Mile Auto has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Mile Auto

1

Expansion into new states

2

Partnerships with more automakers

Mile Auto Strategic Position Summary

Key Focus Areas

Mile Auto is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Mile Auto?

Mile Auto has 2 recent news updates covering key business developments and market activities.

Mile Auto News Overview

2
Recent Articles
Active
Media Coverage
2022-10-11
Latest Update

What is Mile Auto in the news for?

Mile Auto is currently featured in news for Mile Auto, LLC receives financing of $4M in Seed. and other significant business developments.

Recent News Articles About Mile Auto

Article 1
2022-10-11

Mile Auto, LLC receives financing of $4M in Seed.

Insurance technology startup Mile Auto Inc. has raised $4 million in additional investments to fund growth plans.

bizjournals.com
Read News
Article 2
2021-05-24

Mile Auto, LLC receives financing of $10.3M in Seed.

Mile Auto raised a $10.3 million seed round and established a partnership with Ford Motor Co.

bizjournals.com
Read News

Mile Auto FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Mile Auto including information about founders, CEO, funding history, investors, headquarters location, and company details. 18 frequently asked questions covering key information about the company.

Mile Auto Questions & Answers - Company Information

Q1

What is Mile Auto?

Mile Auto is a pay-per-mile auto insurance company using patented computer vision technologies to help low mileage drivers save money.

Q2

Who founded Mile Auto?

Mile Auto was founded by Fred Blumer.

Q3

Who is the CEO of Mile Auto?

The CEO of Mile Auto is Fred Blumer. You can find more information about them on their LinkedIn profile.

Q4

How much funding has Mile Auto raised?

Mile Auto has raised a total of $$16 million across 2 funding rounds. The most recent funding was completed on 2022-10-11.

Q5

Who are the investors in Mile Auto?

Mile Auto's key investors include Ulu Ventures, Emergent Ventures, Sure Ventures, Thornton Capital.

Q6

Where is Mile Auto headquartered?

Mile Auto is headquartered in Atlanta, Georgia, United States.

Q7

When was Mile Auto founded?

Mile Auto was founded in 2017.

Q8

How many employees does Mile Auto have?

Mile Auto has 11-50 employees.

Q9

What is Mile Auto's official website?

You can visit Mile Auto's official website at https://www.mileauto.com.

Q10

What was Mile Auto's latest funding round?

Mile Auto's latest funding round was a Seed round of $$10.3 million completed on 2021-05-24.

Q11

Who is founder?

Fred Blumer

Q12

What does the company do?

Mile Auto provides pay-per-mile auto insurance using computer vision and machine learning technologies to benefit low-mileage drivers.

Q13

How much funding?

$16 million

Q14

Latest funding date?

2022-10-11

Q15

Who are the investors?

Ulu Ventures Emergent Ventures Sure Ventures Thornton Capital

Q16

What are the challenges?

Market competition Operational scaling during growth

Q17

What are the opportunities?

Expansion into new states Partnerships with more automakers

Q18

Latest news?

Insurance technology startup Mile Auto Inc. has raised $4 million in additional investments to fund growth plans. Mile Auto raised a $10.3 million seed round and established a partnership with Ford Motor Co.

More Information About Mile Auto

For additional details about Mile Auto, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.