Relay Ventures leads $2.3 mln seed financing of connected car app Mojio
Mojio Inc, the Vancouver-based maker of a cloud-connected device for cars and an app for smartphones, has closed a seed-stage financing round totaling $2.3 million. The deal was led by Canadian venture capital firm Relay Ventures, with the participation of 500 Startups, BDC Venture Capital and a number of other private funds. Founded in 2012, Mojio will use the new funding to bring to market its connected car app, which the company said is in the final stages of development, and will launch within a few months. Additional products will be made available from the Mojio app store for cars, to be announced in Q1 2014.
28 October 2013•4 mins read
