Metromile (MILE) SC 13G/A Metromile / Index Ventures V ownership change

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

Metromile, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

591697115

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 591697115 SCHEDULE 13G Page 2 of 8 Pages

1.	NAMES OF REPORTING PERSONS   Index Ventures V (Jersey) L.P.
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☒
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION   Jersey, Channel Islands

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5.	SOLE VOTING POWER   7,143,870
	6.	SHARED VOTING POWER   0
	7.	SOLE DISPOSITIVE POWER   7,143,870
	8.	SHARED DISPOSITIVE POWER   0

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   7,143,870
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   5.6% (1)
12.	TYPE OF REPORTING PERSON   PN

(1) The percent of class was calculated based on 127,741,367 shares of common stock outstanding as of November 10, 2021, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 15, 2021.

CUSIP No. 591697115 SCHEDULE 13G Page 3 of 8 Pages

1.	NAMES OF REPORTING PERSONS   Index Ventures V Parallel Entrepreneur Fund (Jersey) L.P.
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☒
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION   Jersey, Channel Islands

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5.	SOLE VOTING POWER   57,868
	6.	SHARED VOTING POWER   0
	7.	SOLE DISPOSITIVE POWER   57,868
	8.	SHARED DISPOSITIVE POWER   0

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   57,868
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   Less than 0.1% (1)
12.	TYPE OF REPORTING PERSON   PN

(1) The percent of class was calculated based on 127,741,367 shares of common stock outstanding as of November 10, 2021, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 15, 2021.

CUSIP No. 591697115 SCHEDULE 13G Page 4 of 8 Pages

1.	NAMES OF REPORTING PERSONS   Yucca (Jersey) SLP
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☒
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION   Jersey, Channel Islands

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5.	SOLE VOTING POWER   91,156
	6.	SHARED VOTING POWER   0
	7.	SOLE DISPOSITIVE POWER   91,156
	8.	SHARED DISPOSITIVE POWER   0

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   91,156
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   Less than 0.1% (1)
12.	TYPE OF REPORTING PERSON   PN

(1) The percent of class was calculated based on 127,741,367 shares of common stock outstanding as of November 10, 2021, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 15, 2021.

CUSIP No. 591697115 SCHEDULE 13G Page 5 of 8 Pages

1.	NAMES OF REPORTING PERSONS   Index Venture Associates V Limited
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☒
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION   Jersey, Channel Islands

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5.	SOLE VOTING POWER   7,292,894
	6.	SHARED VOTING POWER   0
	7.	SOLE DISPOSITIVE POWER   7,292,894
	8.	SHARED DISPOSITIVE POWER   0

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   7,292,894
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   5.7% (1)
12.	TYPE OF REPORTING PERSON   CO

(1) The percent of class was calculated based on 127,741,367 shares of common stock outstanding as of November 10, 2021, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 15, 2021.

CUSIP No. 591697115 SCHEDULE 13G Page 6 of 8 Pages

Item 1.		Issuer
	(a)	Name of Issuer:
		Metromile, Inc. (the “Issuer”)
	(b)	Address of Issuer’s Principal Executive Offices:
		425 Market Street #700 San Francisco, CA 94105
Item 2.		Filing Person
	(a) – (c)	Name of Persons Filing; Address; Citizenship:
		(i) Index Ventures V (Jersey) L.P., a Jersey, Channel Islands partnership (“Index V (Jersey)”). (ii)  Index Ventures V Parallel Entrepreneur Fund (Jersey) L.P., a Jersey, Channel Islands partnership (“Index V Parallel” and, together with Index V (Jersey), the “Index V Funds”). (iii)  Yucca (Jersey) SLP, a Jersey, Channel Islands separate partnership (“Yucca”). (iv) Index Venture Associates V Limited, a Jersey, Channel Islands corporation (“Index Associates V”), the general partner of the Index V Funds. The address of the principal business office of each of the reporting persons is 44 Esplanade, St. Helier, Jersey, Channel Islands JE4 9WG.
	(d)	Title of Class of Securities:
		Common Stock, $0.0001 par value per share ( “Common Stock”)
	(e)	CUSIP Number: 591697115
Item 3.	If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

(a)	☐	Broker or dealer registered under Section 15 of the Act;
(b)	☐	Bank as defined in Section 3(a)(6) of the Act;
(c)	☐	Insurance company as defined in Section 3(a)(19) of the Act;
(d)	☐	Investment company registered under Section 8 of the Investment Company Act of 1940;
(e)	☐	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f)	☐	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g)	☐	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
(h)	☐	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	☐	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
(j)	☐	A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
(k)	☐	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

CUSIP No. 591697115 SCHEDULE 13G Page 7 of 8 Pages

Item 4.   Ownership.
	(a) and (b)	Amount beneficially owned:
		(i)	Index V (Jersey) directly owns 7,143,870 shares of Common Stock, which represents approximately 5.6% of the outstanding Common Stock.
		(ii)	Index V Parallel directly owns 57,868 shares of Common Stock, which represents less than 0.1% of the outstanding Common Stock.
		(iii)	Yucca directly owns 91,156 shares of Common Stock, which represents less than 0.1% of the outstanding Common Stock. Yucca administers the co-investment vehicle that is contractually required to mirror the Index V Funds’ investments. As a result, Index Associates V may be deemed to have dispositive and voting power over Yucca’s shares by virtue of its dispositive power over and voting power over the shares owned by the Index V Funds.
		(iii)	Index Associates V may be deemed to beneficially own the 7,292,894 shares of Common Stock owned by the Index V Funds and Yucca, which represents approximately 5.7% of the outstanding Common Stock.
	(c)	Number of shares as to which such person has:

	Number of Shares of Common Stock
Reporting Person	(i)		(ii)		(iii)		(iv)
Index V (Jersey)		7,143,870		0		7,143,870		0
Index V Parallel		57,868				57,868
Yucca		91,156				91,156
Index Associates V		7,292,894				7,292,894

	(i) Sole power to vote or direct the vote (ii) Shared power to vote or to direct the vote (iii) Sole power to dispose or to direct the disposition of (iv) Shared power to dispose or to direct the disposition of
	The percent of class was calculated based on 127,741,367 shares of common stock outstanding as of November 10, 2021, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 15, 2021.
Item 5.	Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following [_].
Item 6.	Ownership of More than Five Percent on Behalf of Another Person. Not applicable.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.
Item 8.	Identification and Classification of Members of the Group. Not applicable.
Item 9.	Notice of Dissolution of Group. Not applicable.

Item 10. Certification.   Not applicable.

CUSIP No. 591697115 SCHEDULE 13G Page 8 of 8 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2022

INDEX VENTURES V (JERSEY) L.P.
By: Index Venture Associates V Limited
Its: General Partner
By:	/s/ Luke Aubert
	Name: Luke Aubert
	Title: Director
INDEX VENTURES V PARALLEL
ENTREPRENEUR FUND (JERSEY) L.P.
By: Index Venture Associates V Limited
Its: General Partner
By:	/s/ Luke Aubert
	Name: Luke Aubert
	Title: Director
YUCCA (JERSEY) SLP
By:	Intertrust Employee Benefit Services
	Limited as authorized signatory of Yucca
	(Jersey) SLP in its capacity as an
	Administrator of the Index Co-
	Investment Scheme
By:	/s/ Luke Aubert
	Name: Luke Aubert
	Title: Authorized Signatory
By:	/s/ Genesis Perez
	Name: Genesis Perez
	Title: Authorized Signatory
INDEX VENTURE ASSOCIATES V LIMITED
By:	/s/ Luke Aubert
	Name: Luke Aubert
	Title: Director