Wavefront Global Market Entry Program alumni Mojio, an open platform for connected cars, today raised $15 million. The Series A round will be used to further the global adoption of Mojio’s hardware agnostic, cloud-based connected car platform.
The capital hails from a variety of investors, including the BC Tech Fund, BDC Capital, and Relay Ventures.
“The connected car market is heating up and our strategic investors are fueling our penetration with wireless operators and OEM’s globally,” said Mojio CEO Kenny Hawk. “This latest round of funding will enable us to grow our engineering talent in Palo Alto, Prague and Vancouver.”
Amazon’s Alexa Fund also invested in Mojio.
“Alexa now has more than 6,000 skills, and what we hear from customers is that some of the most useful skills are those which connect people to everyday tasks,” said Steve Rabuchin, Vice President, Amazon Alexa. “We’ve been impressed with Mojio’s innovation in the connected car space, and we’re excited to help them expand their capabilities and bring new, innovative skills to Alexa.”
Deutsche Telekom also participated in the round.
“The Mojio team has built a leading, scalable platform and mobile app for connecting the 500 million unconnected cars,” said Thomas Vogel, Investment Director of Deutsche Telekom Strategic Investments. “Kenny Hawk has built an experienced team with a track record of building highly successful businesses and we look forward to supporting Mojio’s growth.”
Founded in 2012 in Vancouver, Mojio unlocks hidden telematics data from nearly any car, bringing “dumb” cars into the Internet of Things and enabling a new suite of automotive experiences.
“The connected car market is at a major inflection point and we are thrilled to invest in the Mojio team and this amazing opportunity,” said John Occhipinti, Partner at Relay Ventures.