Strategic investors help Mojio close Series B round at $53 mln
Vancouver-based connected car platform Mojio has wrapped up its Series B financing at about $53 million (US$40 million). The close included investments from Assurant, a U.S. provider of vehicle protection services and warranties, Bosch, a German supplier to the automotive industry, and T-Mobile, a U.S. wireless network operator. The Series B was first announced in 2017 at $30 million and led by Kensington Capital Partners. Founded in 2012, Mojio's cloud-based software platform facilitates the deployment of secure connected car apps and services. Led by CEO Kenny Hawk, the company will use the funds raised for talent and technology to help accelerate the adoption of its solution and expand internet-of-things offerings.
20 February 2019•3 mins read
