Mojio Secures $2.3 Million Seed Financing Led by Relay Ventures

Posted by Techvibes NewsDesk

Mojio (pronounced MO-jee-oh) today announced that it has closed a $2.3 million seed financing round led by Relay Ventures, with participation from 500 Startups, BDC and a number of other private funds.

Mojio will use the seed financing to bring to market its connected car app, which is in the final stages of development and will launch within a few months.

“Mojio is creating a custom driver experience through an ecosystem of car apps that will mirror the highly personalized relationships people have with their smartphones, making people’s driving lives intuitive and seamless,” said Jay Giraud, CEO of Mojio. “This financing has now propelled our company to a leadership position to bring that vision to the rapidly growing connected car market.”

RELATED: Canadian Startup Moj.io Launches First Open Platform for Car Apps

Mojio is a cloud-connected device for cars. It is supported by a smartphone app for iOS and Android that unlocks and connects real-time vehicle information to a user’s life. From parking payments to turning off lights as a user leaves home, Mojio will automate many everyday tasks while keeping driver safety and convenience top of mind. Quick and easy to install, the device simply plugs into the onboard diagnostic port (OBD) of most cars introduced since 1996. Mojio uses an always-on cellular connection and an open platform to support an ecosystem of drivers, partners and companies focused on continually improving the driver experience through the world’s first app store for cars.

“Mojio has the right approach to becoming the breakaway leader of the connected car space and has the right team to execute on the company’s vision,” said John Occhipinti, partner at Relay Ventures.

Company:
Relay Ventures
Website:
http://www.relayventures.com
Location:
Toronto, Ontario, Canada

Relay Ventures is an early stage venture capital firm that invests in passionate entrepreneurs disrupting and creating new markets through mobile technologies. Unlike other funds, Relay exclusively focuses on software for mobile devices and the connected Internet, creating an unparalleled set of networks and resources that tangibly help founders build world-class companies. With offices in Menlo Park and Toronto,... more

Company:
moj.io
Website:
http://www.getmojio.com
Location:
Vancouver, British Columbia, Canada

moj.io is a device that lets apps connect with your car over the internet. Our open platform supports developers to make apps too! moj.io (mo-jee-o) is a telematics company offering leading cloud-based technologies for cars, enabling real-time communication with smart phone apps for consumers, service providers, and automotive retailers. The company's core offering delivers automated, location based services... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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