MileIQ, a San Francisco, CA-based provider of a smart mileage-tracking technology, raised $3M in seed financing.
Backers included CRV, SV Angel and Marc Benioff (Salesforce) and others.
Led by Chuck Dietrich, co-founder and CEO, MileIQ provides a smart mileage tracking platform for “self-directed” workforce of realtors, sales reps, freelancers and business owners to collect substantial deductions and reimbursements.
Its smartphone app automatically captures every mile users drive without taxing battery life or requiring any interaction and automates much of the classification and calculation of drives. Drives can also and be marked as business or personal with a single swipe.
It integrates with FreshBooks, Concur, and other accounting, expense and tax platforms.
MileIQ is available for download from the App Store and will soon be available from Google Play.