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

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By Ted Liu

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.

[mepr-active rule=”374″ ifallowed=”hide”]#SUBSCRIBERS ONLY CONTENT – where and how did you get your news? Subscribe today to see our research on this and all other subscriber ONLY news. Be informed!#[/mepr-active][mepr-active rule=”374″]Mnubo’s three largest shareholders are White Star Capital, Frederic Bastien, co-founder, President and CEO of Mnubo, and Munich Re/HSB Ventures. Mnubo board is comprised of Frédéric Bastien, Jean-Christophe Cimino, co-founder & CTO, Aditya Pendyala, co-founder & VP of Growth, Jean-François Marcoux of White Star, Whitney Rockley of McRock, Matthew Derek McElhattan of HSB. [/mepr-active]