Miles raises $12.5 million
CA-based transportation rewards app Miles has raised $12.5 million in a Series A round that included Aioi Nissay Dowa Insurance , Japan Airlines (JAL), Liil Ventures, Porsche Ventures, Scrum Ventures, Synapse Partners, TechNexus Venture Collaborative and Translink Capital.
Founded in 2016, Miles is a smartphone app that automatically logs a user’s miles traveled on all modes of transportation including biking, walking, transit, and rideshare. The miles can be redeemed for rewards from national retailers and local event venues.
Aioi Nissay Dowa Insurance (part of MS&AD) is not only an investor but also a partner (we covered this initiative in our recent research report titled Policies & Perks: Leveraging the Neutral Nature of Insurance).
