Connected car platform Mojio raises $19.7 mln in Series A round

Mojio Inc has secured about $19.7 million (US$15 million) in a Series A financing. The round was backed by Amazon Alexa Fund, Deutsche Telekom, BDC Capital and Relay Ventures, as well as BC Tech Fund, which announced its investment in October. Founded in 2012, Vancouver's Mojio has developed a cloud-based connected car platform that supplies apps and services to enterprise customers, including wireless operators, auto manufacturers, car dealers, insurers and fleets. Led by CEO Kenny Hawk, the company plans to use the funds raised to hire additional engineering talent in Palo Alto, Prague and Vancouver to support product launches in 2017.

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