What is Mojio?
Founded in 2012 and based in Vancouver, BC, Mojio provides a cloud-connected cellular and GPS device that integrates with various vehicles. This technology offers drivers and owners deep insights into their car's performance and operational status. Mojio's platform also facilitates enhanced communication and safety features, including personalized prompts, messaging, and geo-location services for family and friends, alongside a virtual driving assistant designed to analyze and interpret 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 Relay Ventures, Deutsche Telekom, Kensington Capital, and BDC Venture Capital
Series B (2019): $40M supported by Relay Ventures, Deutsche Telekom Capital Partners, Trend Forward Capital Management, BDC IT Venture Fund, Iris Capital, Amazon Alexa Fund, Kensington Capital, Innogy Ventures, and TELUS Ventures
Debt (2020): $1M featuring PPP
Key Investors in Mojio
Relay Ventures
Relay Ventures is an early-stage venture capital firm focused on software for mobile technology, from sensor to cloud, actively supporting entrepreneurs in disrupting industries.
Deutsche Telekom
Deutsche Telekom AG is a Germany-based integrated telecommunications provider offering a comprehensive portfolio of telecommunications and information technology services globally.
Kensington Capital
Kensington Capital focuses on implementing updated resources and a personal touch to manage wealth, offering dedicated broker services for investment strategies.
What's next for Mojio?
The substantial enterprise-level funding Mojio has garnered, particularly the recent strategic investment, positions the company for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its telematics platform, enhance its cloud infrastructure, and broaden its reach within the automotive industry. Mojio's focus on data-driven insights and connected car technology aligns with the increasing demand for smart vehicle solutions, suggesting a trajectory towards deeper integration with automotive manufacturers and service providers.
See full Mojio company page
