Connected car technology developer Mojio raises USD40 million in Series B funding round
Mojio will use the net proceeds from Series B financing round to invest in talent and technology
Mojio, a connected car technology start-up, has raised USD40 million in Series B funding round, the company said in a press release on 20 February. The latest funding round led by Kensington Capital and included strategic investments from Assurant, Bosch and T-Mobile. It was also participated by Innogy Ventures, Iris Capital, Telus Ventures and Trend Forward Capital. In addition, Mojio received funding from its existing investors including Amazon Alexa Fund, BDC IT Venture Fund, Deutsche Telekom Capital Partners and Relay Ventures.
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