What is Miles?
Founded with the vision of building the world's most rewarding program, Miles has dedicated nearly nine years to engaging users, partners, and supporters. The platform's core mission revolved around celebrating various user actions, fostering a community around positive engagement. Despite its efforts, the company announced its app shutdown effective May 14, 2025, signaling the conclusion of its operational chapter while leaving room for future possibilities. The company's focus on movement and user motivation has been a consistent theme throughout its journey.
How much funding has Miles raised?
Miles has raised a total of $12.5M across 1 funding round:
Series A
$12.5M
Series A (2021): $12.5M with participation from Scrum Ventures
Key Investors in Miles
Scrum Ventures
Scrum Ventures is an early-stage venture firm investing across a range of industries in the U.S. and Japan, known for accelerating portfolio companies with global opportunities and assisting corporations with innovation.
What's next for Miles?
The recent major strategic investment of $12.5M in July 2021 indicated a phase of scaling and potential expansion for Miles. However, the subsequent announcement of the app's shutdown suggests a pivot or a strategic decision to cease operations in its current form. While the exact reasons for the shutdown are not detailed, the company's statement about future endeavors implies that the learnings and intellectual property developed during its nearly nine-year run might be leveraged in new ventures. The enterprise-level funding context suggests that the company was aiming for significant market penetration or development before this decision.
See full Miles company page
