7. By Miles £15.0M
Round: Series B
Description: By Miles is reinventing car insurance – pay an annual cost to cover your car while it’s parked, then pay by the miles you drive each month. Founded by Callum Rimmer and James Blackham in 2016, By Miles has now raised a total of £21.3M in total equity funding and is backed by investors that include Insurtech Gateway, Octopus Ventures, CommerzVentures, Hambro Perks Ltd., and JamJar Investments.
Investors in the round: CommerzVentures, Insurtech Gateway, JamJar Investments, Octopus Ventures
Industry: Auto Insurance, Insurance, InsurTech
Founders: Callum Rimmer, James Blackham
Founding year: 2016
Total equity funding raised: £21.3M
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