MileIQ

MileIQ is a software brand and mobile application focused on automatic mileage tracking. Its core service records vehicle trips in the background of a smartphone, then helps users classify those trips as business or personal travel. The resulting logs can support employer reimbursement, accounting workflows, and documentation for potentially deductible business mileage under applicable tax rules. The product was designed around a problem common to freelancers, sales professionals, contractors, small-business owners, and employees who drive for work: reconstructing accurate mileage records manually is tedious and often unreliable. The company was founded by entrepreneur and investor Dan Bomze, who initially explored ways to simplify mileage reimbursement and sought input from people who maintained mileage records. Chuck Dietrich, a software executive who had served as SlideRocket’s chief executive and previously held a general-management role at Salesforce.com, joined as a founding partner. MileIQ launched its iPhone application through Apple’s App Store in 2013 and subsequently expanded to Android. Its passive tracking model distinguished it from traditional mileage diaries because users did not need to start and stop every trip manually. The service could detect driving activity, maintain an online mileage log, and present trips for later review. MileIQ’s interface made trip classification a central part of the user experience. After a drive, users could identify its purpose through a simple swipe-based interaction, while manual entries were also supported. The service used automated rules and machine-learning techniques to help distinguish likely personal and business driving based on factors such as timing and trip patterns. This positioning led to comparisons with activity trackers such as Fitbit, but applied to driving behavior rather than exercise. The product developed an ecosystem around accounting and expense reporting. Concur Technologies added MileIQ to its third-party service offerings in early 2014, and a partnership with FreshBooks enabled users to transfer driving information into cloud accounting workflows. MileIQ raised a $3 million seed round in late 2014 from investors including SV Angel, CRV, and Marc Benioff, followed by an $11 million Series A round in 2015 that included Trinity Ventures and earlier backers. Microsoft announced the acquisition of MileIQ on November 5, 2015. Under Microsoft ownership, the app was incorporated into Microsoft’s licensing approach. Microsoft later divested the business on March 18, 2021, returning MileIQ to independent ownership as MileIQ LLC and placing it under leadership associated with the original creators. In July 2025, Bending Spoons acquired MileIQ for a reported $233 million. The transaction placed the brand within the portfolio of a private technology company known for acquiring and operating consumer and productivity software products. MileIQ’s continuing proposition remains centered on automated trip detection, business-versus-personal classification, mileage reporting, and digital records for people who drive as part of their work.

MileIQ emerged from an effort to make business-mileage documentation less dependent on paper logs and manual reconstruction. Dan Bomze, an entrepreneur and investor involved with startup ventures, investigated the needs of people who regularly tracked driving for reimbursement. He later partnered with Chuck Dietrich, a software executive and former Salesforce.com general manager who had also led SlideRocket. Together with a small development team, they shaped a product that could identify driving automatically and let users classify trips after they had been recorded. The MileIQ application launched in Apple’s App Store in 2013 and later became available for Android devices. Its principal innovation was passive tracking: once configured, the application could operate in the background and detect driving activity without requiring the user to activate a timer for every trip. At the end of a journey, the user could mark it as business or personal, typically through a swipe-based interface. Manual mileage entry was available for situations in which automatic detection was incomplete or unsuitable. The service synchronized recorded information with online mileage logs, creating a searchable record that could be used for reimbursement, accounting, and tax-related documentation. MileIQ expanded through integrations and partnerships rather than relying only on the standalone application. Concur Technologies added the service to its third-party offerings in early 2014, giving users a path into business-expense reporting workflows. During the same year, MileIQ partnered with FreshBooks so that mileage information could be imported into cloud accounting accounts. These relationships helped establish the product as a business tool rather than merely a consumer driving utility. The company attracted venture financing as interest in mobile productivity and automated data collection increased. A $3 million seed round in late 2014 was led by SV Angel and CRV and included participation from Marc Benioff. In 2015, the company raised an additional $11 million in Series A financing, with Trinity Ventures joining earlier investors. Public descriptions of the product emphasized its use of artificial intelligence and machine learning to identify likely business and personal trips based on patterns such as time and day. The product was sometimes compared with Fitbit because it passively collected activity data, although MileIQ applied that model to vehicle travel. On November 5, 2015, Microsoft announced that it had acquired MileIQ. The acquisition brought the service into Microsoft’s broader productivity and licensing strategy. MileIQ continued to function as a mileage-tracking application, while its relationship with Microsoft gave it access to a larger software ecosystem and enterprise-oriented customer base. The acquisition amount was not publicly disclosed in the cited reference material. Microsoft divested MileIQ on March 18, 2021. The business became independent again as MileIQ LLC, and reporting described the company as being led by members of the original founding group. The change restored MileIQ’s status as a standalone software business while preserving its established product focus on automated mileage records. In July 2025, Bending Spoons acquired MileIQ for a reported $233 million. The transaction represented a new ownership phase for the brand. Bending Spoons became the parent company and owner, while MileIQ remained associated with its established app and mileage-documentation service. The available reference material does not provide further detail on post-acquisition management, product changes, pricing, or geographic expansion.

• 2025

  Bending Spoons acquisition

  [1]MileIQen.wikipedia.org

  Bending Spoons acquired MileIQ in July 2025 for a reported $233 million.

• 2021

  Return to independent ownership

  [1]MileIQen.wikipedia.org

  Microsoft divested MileIQ on March 18, and the company resumed independent operation as MileIQ LLC.

• 2015

  Series A financing

  [1]MileIQen.wikipedia.org

  The company raised a further $11 million in Series A funding, with Trinity Ventures joining earlier investors.

• 2015

  Microsoft acquisition

  [1]MileIQen.wikipedia.org

  Microsoft announced its acquisition of MileIQ on November 5, bringing the app into Microsoft’s licensing and productivity ecosystem.

• 2014

  Concur and FreshBooks integrations

  [1]MileIQen.wikipedia.org

  MileIQ expanded its business utility through an early-2014 Concur listing and a FreshBooks partnership that supported transfer of driving data into accounting workflows.

• 2014

  Seed financing

  [1]MileIQen.wikipedia.org

  MileIQ raised $3 million in seed funding from investors including SV Angel, CRV, and Marc Benioff.

• 2013

  MileIQ launches on the App Store

  [1]MileIQen.wikipedia.org

  The company released its mileage-tracking application for iPhone users, introducing passive trip detection and digital mileage logging.

A convenient, automated mileage-recording service for professionals, small businesses, and other drivers who need reliable business-travel documentation.

• Mobile mileage-tracking application · 2013

  MileIQ

  The company’s principal application automatically detects and records vehicle trips while operating in the background of a smartphone. Users can review journeys, classify them as business or personal, and add trips manually when necessary. The service maintains synchronized digital mileage logs that can support reimbursement claims, accounting records, and tax documentation. Its automation is intended to reduce the burden of maintaining a traditional paper or spreadsheet mileage diary. The application has been offered through Apple’s App Store and Google Play, with a free tier historically limiting the number of monthly drives and a premium option providing a higher allowance.

• 2025

  Bending Spoons acquisitionM&A

  Background

  MileIQ was operating as an independent mileage-tracking software company after its separation from Microsoft.

  Action taken

  Bending Spoons acquired MileIQ in July 2025.

  Aftermath

  Bending Spoons became MileIQ’s owner and parent company. The transaction was reported at $233 million; further post-acquisition product and management changes are not specified in the available material.

  Reported acquisition price. $233 million (July 2025)

  Source

• 2021

  Separation from MicrosoftStrategy

  Background

  After several years within Microsoft, the MileIQ business was separated from its parent and returned to standalone ownership.

  Action taken

  Microsoft divested MileIQ on March 18, 2021, with the company continuing as MileIQ LLC.

  Aftermath

  The business was described as being led by members of the original founding group. The cited material does not specify the transaction terms or subsequent operating changes.

  Source

• 2015

  Microsoft acquisitionM&A

  Background

  MileIQ had developed a differentiated mobile productivity service based on passive mileage detection, business-trip classification, and integrations with expense and accounting platforms.

  Action taken

  Microsoft announced on November 5, 2015 that it had acquired MileIQ and integrated the service into its Microsoft licensing approach.

  Aftermath

  MileIQ operated under Microsoft ownership until its divestiture in March 2021. The acquisition price was not disclosed in the cited reference.

  Source

• 2025

  Bending Spoons acquires MileIQ[1]MileIQen.wikipedia.org

  M&A

  Bending Spoons acquired MileIQ in July 2025 for a reported $233 million, bringing the mileage-tracking brand into its software portfolio.

• 2021

  Microsoft divests MileIQ and the company becomes independent[1]MileIQen.wikipedia.org

  M&A

  MileIQ was separated from Microsoft and returned to independent operation as MileIQ LLC, with leadership associated with the original creators.

• 2015

  Microsoft announces acquisition of MileIQ[1]MileIQen.wikipedia.org

  M&A

  Microsoft announced that it had acquired the mileage-tracking company and planned to integrate the application into its licensing and productivity ecosystem.

1. 1MileIQen.wikipedia.org
2. 2MileIQ official websitemileiq.com