# Moj.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moj-io

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: http://www.moj.io
- Total disclosed funding: $81M
- Latest round: Series B (Feb 20, 2019)
- Investors on record: 11

## About

Moj.io Inc. is a provider of connected vehicle and telematics solutions, aiming to enhance mobility services for both businesses and consumers through innovative SaaS offerings.Moj.io Inc. specializes in connected vehicle services, having been founded in 2012 in Vancouver, Canada. The company has undergone a Series B funding round, securing USD 40.00 mn on February 20, 2019, led by Kensington and including participants such as Amazon and TELUS Ventures. Richard Woodruff is the founder of the company, which has completed a total of 9 deals since its inception.Mojio offers a range of connected vehicle and telematics solutions, focusing on scalable mobility services. Its flagship product, the Mojio Connected Car Platform, includes SaaS solutions that convert telematics data into actionable insights, with features like live vehicle tracking and driver behavior monitoring. Notably, the Force Fleet Tracking solution is designed for small and medium-sized businesses. Mojio's services cater to various sectors, including automotive manufacturers and field service management across markets in Europe, the U.S., and Canada.Mojio operates on a subscription-based revenue model primarily derived from its Force Fleet Tracking and other SaaS offerings. Clients, including automotive manufacturers and mobile network operators, typically engage through monthly or annual fees for platform access. The structured subscription model allows for recurring revenue, ensuring continuous support and updates for clients. The integration of Mojio's services with existing software also enhances revenue opportunities in the home services sector.Moj.io plans to leverage its most recent Series B funding of USD 40.00 mn, raised in February 2019, to expand its product offerings and market reach. This includes the development of new products aimed at enhancing user experience and entering new geographic markets. The company targets increased penetration in European markets and aims to enhance its partnerships within the automotive sector, focusing on delivering innovative telematics solutions to improve operational efficiency. The funding will support these initiatives and facilitate further growth.

## Funding rounds

- Series B, Feb 20, 2019, $40M — Kensington Capital Partners, BDC Capital, IRIS, Relay Ventures, DTCP, TELUS Ventures, Assurant Growth Investing, Trend Forward Capital, Innogy Ventures, Amazon
- Series B, Mar 8, 2018 — IRIS, TELUS Ventures
- Series B, Nov 30, 2017, $24M — Kensington Capital Partners, BDC Capital, Relay Ventures, DTCP, Trend Forward Capital, Innogy Ventures, Amazon
- Series A, Dec 12, 2016, $7M — Kensington Capital Partners
- Series A, Mar 24, 2015, $8M — BDC Capital, Relay Ventures, DTCP
- Seed, Oct 29, 2013, $2.3M — BDC Capital, Relay Ventures, 500 Global

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed, Series A, Series B
- Relay Ventures (https://capitalatlas.ai/funds/relay-ventures) — Seed, Series A, Series B
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- DTCP — Series A, Series B
- Kensington Capital Partners — Series A, Series B
- Trend Forward Capital (https://capitalatlas.ai/funds/trend-forward-capital) — Series B
- Innogy Ventures (https://capitalatlas.ai/funds/innogy-ventures) — Series B
- Amazon (https://capitalatlas.ai/funds/amazon) — Series B
- IRIS (https://capitalatlas.ai/funds/iris) — Series B
- TELUS Ventures (https://capitalatlas.ai/funds/telus-ventures) — Series B
- Assurant Growth Investing (https://capitalatlas.ai/funds/assurant-growth-investing) — Series B