Mojio secures additional Series B funding

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By Ted Liu

Mojio, a leading open platform for connected cars, has raised additional Series B funding.

Mojio raised US $[mepr-active rule=”374″ ifallowed=”hide”]Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! [/mepr-active][mepr-active rule=”374″]2.35 million or CDN $2.98 million in Series B preferred shares from 3 US investors and 1 Ontario investor, likely new investors. Mojio’s existing US investors include NV Investment and 500 Startups. The additional funding brings total Series B Size to US $14.17 million or CDN $17.45 from Kensington Capital Partners, Deutsche Telekom Venture Funds GmbH, Relay Ventures, BDC Capita, BC Tech Fund.[/mepr-active]

Vancouver based Mojio is a global leader in aftermarket telematics, providing its secure cloud platform and white-label app solutions to major wireless carriers, including Deutsche Telekom, T-Mobile and Rogers Communications.