# Wejo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wejo

- Industry: Software
- Headquarters: Manchester, UK
- Website: www.wejo.com
- Total disclosed funding: $118M
- Latest round: Series B (Feb 12, 2019)
- Investors on record: 1

## About

Based in the UK, Wejo Limited functions as a provider of data analytics solutions, focusing on connected vehicle data to enhance operational efficiency for businesses.Wejo Limited, founded in 2013 in Manchester, UK, specializes in connected vehicle data analytics. Richard Barlow, one of its founders, leads the company as CEO. The firm has completed a total of 8 deals, with the most recent funding round being a PIPE in July 2022, where it raised USD 15.9 mn led by Sompo International, bringing the total amount raised to USD 15.9 mn.Wejo Limited offers advanced technological solutions that optimize operational efficiencies across various sectors. Its flagship product is a proprietary software platform that integrates with existing business systems, providing real-time analytics, automation, and enhanced data management capabilities. Targeted primarily at medium to large enterprises in finance, healthcare, and logistics, the platform helps organizations manage complex workflows effectively. The company has established a strong presence in North America, Europe, and Asia, serving a diverse clientele that includes both Fortune 500 companies and emerging startups.In the most recent fiscal year 2020, Wejo Limited reported revenue of USD 1,321,520, with an EBITDA of USD -26,779,534. The company employs a subscription-based revenue model, allowing clients to access its software platform with tiered pricing according to their specific needs, which may include additional features or increased user capacity.With the funding raised in July 2022, Wejo Limited aims to enhance its product offerings and expand its market presence. The company is focused on launching new features for its software platform to improve analytics capabilities and increase operational support for clients. Additionally, it plans to target new geographic markets for expansion, although specific regions and timelines have not been disclosed. The investment from Sompo International will support these initiatives, helping to bolster Wejo's operational capacity and reach.

## Funding rounds

- Series B, Feb 12, 2019, $103M — General Motors Ventures
- Series A, Jun 1, 2018, $15M — General Motors Ventures

## Investors

- General Motors Ventures (https://capitalatlas.ai/funds/general-motors-ventures) — Series A, Series B