Mojio, a leading open platform for connected cars, has secured a Series B round of financing.
[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″]Mojio raised US $11.82 million or CDN $14.47 million in Series B preferred shares from existing investors, Deutsche Telekom Venture Funds GmbH, Relay Ventures, BDC Capital, BC Tech Fund and new investors. Kensingto Capital Partners led the round with an investment of $10.24M. [/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.
Mojio recently tapped automotive industry veteran, Rich McLeer, as SVP of Automotive to further broaden the platform’s deployment with automotive-specific engagements and partnerships.
photo credit: Mojio