London, United Kingdom
By Miles, founded in 2016, is a leading force in the UK insurtech field, revolutionizing car insurance with its unique slogan: "Car insurance you pay by the mile." Positioned as the country's premier pay-by-mile insurance provider, the company caters to low-mileage drivers seeking cost-effective and manageable insurance solutions.
With a focus on fairness and efficiency, By Miles scales with its strong internal culture, driven by a set of shared virtues like respect, fairness, and ambition. This approach likely contributed to their accolades, being voted the UK's Best Car Insurance Provider and Best Insurance App in both 2019 and 2020 at the Insurance Choice Awards.
Significant backing was secured with a £15.00M Series B investment in May 2020, involving top investors such as JamJar Investments, Octopus Ventures, CommerzVentures, and Insurtech Gateway. By Miles is primed for further growth, leveraging data-driven decision making to challenge industry norms and pursue market leadership.
