What is Mojio?
Founded in 2012 and headquartered in Vancouver, BC, Mojio provides a sophisticated cloud-connected cellular and GPS device that integrates directly with vehicle systems. The platform offers comprehensive insights into vehicle health, driving behavior, and location-based services. By facilitating a seamless connection between the vehicle and the user's digital life, Mojio enables personalized prompts, safety features, and virtual driving assistance. Its market position is defined by its ability to serve as a neutral, scalable data hub that connects automotive manufacturers, telecommunications providers, and end-users through a unified, secure interface.
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 BDC Venture Capital, Kensington Capital, Relay Ventures, and Deutsche Telekom
Series B (2019): $40M supported by TELUS Ventures, Kensington Capital, Innogy Ventures, Relay Ventures, BDC IT Venture Fund, Deutsche Telekom Capital Partners, Trend Forward Capital Management, Amazon Alexa Fund, and Iris Capital
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.
BDC Venture Capital
BDC Business Development Bank of Canada provides a wide range of financial and consulting services to small businesses, concentrating on technology and exporting.
Deutsche Telekom Capital Partners
DTCP specializes in innovative investment strategies focused on driving digital transformation across various sectors, including SaaS and digital infrastructure.
What's next for Mojio?
Looking ahead, Mojio is well-positioned to capitalize on the accelerating digital transformation within the automotive sector. As vehicles become increasingly software-centric, the demand for reliable, real-time data processing and connectivity solutions is expected to surge. The recent strategic investment will likely be deployed to enhance the company's AI-driven analytics capabilities and expand its footprint in global markets. By maintaining its focus on high-value partnerships with telecommunications giants and automotive OEMs, Mojio is poised to remain at the forefront of the connected mobility revolution, driving innovation in vehicle diagnostics and personalized driver experiences.
See full Mojio company page
