MileIQ
| Company type | Private |
|---|---|
| Industry | Technology, Mobile applications |
| Founded | 2013 |
| Founder | Dan Bomze |
| Headquarters | United States |
Key people | Dan Bomze (Founder) |
| Products | Mileage tracking mobile application |
| Parent | Bending Spoons (since 2025) |
MileIQ is a U.S.-based technology firm that develops a mobile application focused on mileage tracking and logging. This app automatically captures business-related driving distances for reimbursement purposes and potential IRS tax deductions, recognized as the pioneering mobile solution to unobtrusively collect such information. Often described as the driving equivalent of Fitbit, MileIQ has gained attention from prominent business publications like Fast Company, Fortune, and Forbes.
On November 5, 2015, MileIQ was acquired by Microsoft. It regained its independence on March 18, 2021, before being purchased by Bending Spoons in July 2025 for $233 million.
History
Entrepreneur and investor Dan Bomze founded MileIQ with the goal of streamlining mileage reimbursement tracking. To gain software development expertise, he collaborated with Chuck Dietrich, former CEO of SlideRocket and general manager at Salesforce.com. The app debuted on the iOS App Store in 2013 and subsequently became available on Android devices.
In early 2014, Concur Technologies incorporated MileIQ into its business expense management platform. That same year, MileIQ formed a partnership with FreshBooks, a cloud-based accounting software, allowing users to automatically transfer driving records into their FreshBooks accounts.
Towards the end of 2014, MileIQ raised $3 million in seed capital from investors including SV Angel, CRV, and Salesforce.com founder Marc Benioff. The following year, it secured an additional $11 million through a Series A funding round led by existing backers alongside Trinity Ventures.
Following Microsoft's acquisition on November 5, 2015, MileIQ was integrated within Microsoft's licensing framework. On March 18, 2021, Microsoft divested the company, returning it to independent operation as MileIQ LLC under its original leadership.
In 2025, the company increased its annual subscription fee by 50%, raising it from $59.99 to $89.99.
Products and services
MileIQ provides a smartphone application that automatically monitors and logs mileage using artificial intelligence and machine learning techniques to differentiate between personal and business trips based on variables such as time and day. The app synchronizes with online mileage logs to streamline driving data documentation.
Available at no cost via the App Store and Google Play, MileIQ starts recording trips immediately after setup. Users categorize each drive as personal or business by swiping left or right. The complimentary version allows up to 40 recorded drives monthly, while a premium subscription offers unlimited tracking capabilities.