Mojio Secures $2.3 Million Seed Financing Led by Relay Ventures
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.”
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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.
