Fonds de solidarité and IQ invest in Mnubo’s $16.5M Series B

On January 30, 2018, Mnubo announced the closing of $16.5 million Series B round of financing led by Munich Re/HSB Ventures with participation of White Star Capital, McRock Capital and other investors.

Fonds de solidarité FTQ and Investissement Québec (IQ) have finally disclosed their participation in the Series B round.

In April 2015, Mnubo secured $6 million in Series A led by White Star Capital and with participation of McRock Capital

Founded in 2012, Montreal based Mnubo is an Internet of Things company, providing data analytics, machine learning and artificial intelligence solutions to connected product manufacturers and service providers.

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Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal and CanadaMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, the most sophisticated and advanced all private capital and public market financing database.