What is Mojio?
Founded in 2012 and headquartered in Vancouver, BC, Mojio offers a cloud-connected cellular and GPS device designed to integrate with various vehicles. This technology provides drivers and owners with crucial insights into their car's performance and operational status. Beyond diagnostics, Mojio enhances the driving experience through personalized prompts, messaging, and geo-location features for family and friends, functioning as a virtual driving assistant that analyzes and interprets vehicle data.
How much funding has Mojio raised?
Mojio has raised a total of $50.3M across 4 funding rounds:
Angel/Seed
$2.3M
Series A
$7M
Series B
$40M
Debt
$1M
Angel/Seed (2013): $2.3M with participation from Relay Ventures, BDC Venture Capital, and 500.com
Series A (2016): $7M led by Deutsche Telekom, Kensington Capital, Relay Ventures, and BDC Venture Capital
Series B (2019): $40M supported by Trend Forward Capital Management, BDC IT Venture Fund, Deutsche Telekom Capital Partners, Iris Capital, Amazon Alexa Fund, TELUS Ventures, Kensington Capital, Relay Ventures, and Innogy Ventures
Debt (2020): $1M featuring PPP
Key Investors in Mojio
Relay Ventures
Relay Ventures is an early-stage venture capital firm that invests in passionate entrepreneurs disrupting incumbent industries and creating new markets with the power of mobile computing. They focus on software for mobile, from the sensor to the cloud, and offer extensive networks and resources to help founders build world-class companies.
BDC Venture Capital
BDC Business Development Bank of Canada provides a wide range of financial and consulting services to small businesses, with a particular concentration on technology and exporting sectors. They support businesses across Canada with their growth and development needs.
Deutsche Telekom Capital Partners
DTCP Digital Transformation Capital Partners GmbH specializes in innovative investment strategies focused on driving digital transformation. The firm invests in digital infrastructure and growth-stage companies, particularly in areas such as Cybersecurity, SaaS, AI, and Robotics, managing over 3 billion euros in assets.
What's next for Mojio?
The substantial enterprise-level funding Mojio has garnered, particularly the recent strategic investment, positions the company for accelerated scaling and market expansion. This capital infusion is expected to fuel further development of its connected car platform, enhance its data analytics capabilities, and potentially broaden its service offerings to a wider automotive ecosystem. The company's trajectory suggests a focus on solidifying its market position and leveraging its technology for future growth opportunities in the evolving automotive landscape.
See full Mojio company page
