Mojio secures Series B financing

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By Ted Liu

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