What is Mojio?
Mojio operates at the intersection of IoT and automotive telematics, providing a sophisticated cloud-connected cellular and GPS device that bridges the gap between legacy vehicles and modern digital insights. The platform offers real-time diagnostics, geo-location tracking, and personalized driving assistance, effectively turning any car into a smart, connected asset. By analyzing data directly from the vehicle's onboard systems, Mojio empowers both individual consumers and enterprise clients with actionable intelligence regarding vehicle health, safety, and performance. This unique value proposition has positioned the company as a key player in the digital transformation of the automotive sector, facilitating seamless integration between hardware sensors and cloud-based software applications.
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 500.com, Relay Ventures, and BDC Venture Capital
Series A (2016): $7M led by Kensington Capital, BDC Venture Capital, Deutsche Telekom, and Relay Ventures
Series B (2019): $40M supported by Trend Forward Capital Management, BDC IT Venture Fund, Deutsche Telekom Capital Partners, Amazon Alexa Fund, Iris Capital, Kensington Capital, TELUS Ventures, Innogy Ventures, and Relay 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.
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 Digital Transformation Capital Partners GmbH 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 leverage its enterprise-level funding to deepen its footprint in the global connected car market. The strategic focus is expected to shift toward enhancing its virtual driving assistant capabilities and expanding its B2B partnerships with telecommunications providers and automotive OEMs. As the industry moves toward autonomous and software-defined vehicles, Mojio's ability to interpret complex vehicle data will remain a core competitive advantage. The company's history of securing capital from diverse, high-profile investors suggests a clear path toward sustained innovation and potential market consolidation in the rapidly evolving telematics landscape.
See full Mojio company page
