Applying Marketplaces Know-How
to Create a Blockchain for Real-World
Commercial Applications
What is 5xlab?
5xlab is a new blockchain development laboratory working closely with 5miles, a leading mobile marketplace platform, with more than 12 million users in the US. Over the last 3 years of leading innovation in online & local marketplaces, 5miles has accumulated the longstanding technical and commercial know-how. 5xlab seeks to use this expertise and experience to tailor blockchain technology & smart-contracts for real-world applications. The focus of 5xlab’s proposed new blockchain technology, CyberMiles (“CM”), is on trust and compliance while leveraging the power of a decentralized network. This will help enable it to be a mainstream blockchain technology for real-world businesses. 5miles is expected to be the first app platform to utilize CyberMiles’ blockchain protocol, and will also assist 5xlab to develop the technology.
Milestones
Jun. 2014
5miles receives $5 million (USD) Series A investment from SIG.
Jan. 2015
The 5miles app launches in the US.
Nov. 2015
5miles introduces user-verification and fraud-detection technology, further strengthening it's innovative marketplace safety features.
Jan. 2017
5miles surpasses 11 million users, becoming a top 10 shopping app in the US (data from Similar Web); begins exploring blockchain initiative.
Aug. 2017
5xlab formally launched, focusing on CyberMiles blockchain program; developing CyberMiles v.0.1.
Apr. 2014
5Miles LLC established.
Oct. 2014
Testing of the 5miles app begins.
Jun. 2015
5miles receives $17 million (USD) Series B investment, led by IDG and Morningside.
Jan. 2016
5miles’ gross merchandise value reaches $100 million; receives $30 million (USD) Series B-1 investment, led by Blue Lake and Puhua.
Jun. 2017
5miles receives $10 million (USD) follow-on funding from existing investors (pending closing).
5miles Management Team
Dr. Lucas Lu
CEO/Founder
Lucas received his PhD degree in Partical Physics from SMU in 2005. He worked at CERN when he participated in theoretical and experimental research of Higgs Partical. Dr. Lucas Lu, was previously a co-founder and CTO of Light In the Box, a company which went public on the NYSE, and prior to that, Lucas was the first GM of Alibaba’s Taobao Mobile platform, and was the GM of another Alibaba business unit. Lucas founded 5miles in 2014.
Garwin Chan
CFO
Garwin is currently the CFO of 5miles. Previously, he was a Managing Director at Founder H Fund (Private Equity arm of Founder Group). Prior to that, he was a Vice President at Bain Capital, a global leading investment firm. Garwin graduated from Harvard College cum laude in 2003. He also received his MBA degree from Harvard Business School in 2008.
Dr. Michael Yuan
 
Michael received a PhD in Astrophysics from University of Texas at Austin. He is the author of 5 books on software development, published by Prentice Hall, Addison-Wesley, and O'Reilly. Michael was an active code committer in large Open Source projects such as Firefox, Fedora, JBoss, and others. He is an expert on enterprise and mobile software, and was a Principle Investigator on multiple research projects funded by the US government.
Trey Troxel
Product Strategist
Currently our Product Strategist at 5miles, focused on commercializing the 5miles technology within the auto industry. Previously, Trey was the Director of Sales and Marketing at a large automotive group, and before that, he was a senior executive at multiple top-tier Automotive software and digital platforms, including Autotrader.com, PureCars, and vAuto. He received his BA at the University of North Texas.
Natasha Mehra
Project Manager
Natasha graduated with a BBA degree at SMU Cox School of Business in 2008. She became a consultant under the IoT division at Accenture after gaining experience with HM Capital Partners and Challenger Capital Group. In 2010, she volunteered to help develop the local economy in Uganda and has focused on implementing product solutions for a variety of businesses and industries since.
Valerie Coleman
BD Director
Currently our Sales Director at 5miles, focused on digital solutions for Auto & Job Classifieds. Previously, Valerie was sales director at Monster.com, and before that, she spent 15 years at Autotrader.com and Kelley Blue Book, focused on the sales of digital service solutions for large car dealerships across the country. Valerie received her BA in marketing at The University of Texas, Austin, and her MBA from Marylhurst University.
TV Coverage
On Your Side: 5 Miles App
Aug. 20,2015
5miles on Great Day Houston
Nov. 3, 2015
On Your Side:Closet Cleanout FOX4
Jan 21, 2016
Tech Tuesday App Brings Garage Sales to the Internet
Aug 20, 2015
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