Telekom Capital leads $8 mln funding of connected car app Mojio
Mojio Inc has secured $8 million in a Series A financing. Telekom Capital, the investment arm of German telecommunications company Deutsche Telekom AG, led the round with participation from Canadian venture capital firms Relay Ventures and BDC Capital, and from AOL Inc co-founder Steve Case. Headquartered in Vancouver, Mojio is a connected car app platform. Update: The company said the proceeds of its latest investment will provide support to its U.S. and international growth strategy. In October 2013, Mojio raised $2.3 million in seed-stage funding. That deal was led by Relay Ventures.
24 March 2015•4 mins read
