Mojio secures $30 mln in Kensington-led Series B financing
Mojio Inc has raised $30 million in a Series B financing. The round was led by Kensington Capital Partners. It was joined by Trend Forward Capital and innogy Ventures, both new investors, and Amazon Alexa Fund, BDC Capital's IT Venture Fund, Deutsche Telekom and Relay Ventures, which invested in last year's Series A round. Founded in 2012, Vancouver-based Mojio is a provider of carrier-grade connected car solutions. It operates in five countries and has to date connected more than 500,000 vehicles. Led by CEO Kenny Hawk, Mojio will use the funds raised for roll-outs with network operators and product innovation, including machine-learning initiatives.
30 November 2017•5 mins read
