Shamrock to invest in Siyata Mobile's $2 mln private placement

Toronto-based vehicle communications platform Siyata Mobile Inc (TSX-V: SIM) announced it plans to raise gross proceeds of $2 million from a private placement. It said it expects about 25 percent of the transaction will be subscribed for by Shamrock Private Equity. Founded in 2010, Siyata is a provider of cellular connected devices for trucks, commercial vehicles and fleets. The company will use the funds raised for its growth strategy in North America and general working capital.

DealsCanadaNorth AmericaBriefs