Insurtech Startup By Miles Raises £350K in Funding
Summary
By Miles, a London, UK-based insurtech startup, raised £350k in funding.Backers included InMotion Ventures, Hambro Perks and other angel investors.The company intends to use the funds to continue to develop its technology and hire new people.Co-founded by James Blackham and Callum Rimmer, By Miles provides a pay-per-mile can insurance product, which is in private beta with selected testers.The company’s monthly subscription will cover a car when it’s parked and it will only charge customers for the exact number of miles they drive.
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