5miles is a hyper-local mobile marketplace app, one of the nation's fastest-growing online shopping ventures in only a year of operation. It is the first app of its kind to include services, housing and jobs, in addition to second-hand trading. Putting a premium on safety and security, 5miles does not permit personal information on an item description, offering instead a proprietary messaging system that keeps contact information private.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 01/26/16 | $30,000,000 | Series B |
Blue Lake IDG Capital Partners Morningside Group SIG | undisclosed |
