Owl Cameras expanded their previously announced Series A round with $10 million in new funding led by Canvas Ventures. This additional investment brings the company’s total venture funding to $28 million. According to the company, its Owl Car Cam was originally launched only for iOS,
Metromile Inc., a San Francisco-based startup, closed $90 million in Series E funding co-led by leading insurance companies Tokio Marine Holdings and Intact Financial. The financing included participation from existing and new investors NEA, Index, Future Fund and Section 32, the venture capital firm founded
Get Spiffy, Inc., closed $9 million in funding led by existing investors Bull City Venture Partners and IDEA Fund Partners. New strategic investor MANN+HUMMEL was joined in the round by Visionary Private Equity Group, the North Carolina Venture Capital Multiplier Fund, Wolfpack Investor Network, and
Concept car producer BYTON concluded its Series B fundraising round, attracting a total of $500 million from investors including FAW Group, Tus-Holdings, and CATL. BYTON also officially opened its global headquarters in Nanjing, China, forming a global operation centered in Nanjing, with an R&D center
Ridecell Inc., creators of a carsharing, ridesharing, and autonomous fleet operator platform, raised a Series B funding round of $28.6 million led by Cox Automotive, with participation from return investor Initialized Capital and industry partners DENSO, Penske, Deutsche Bahn, and Mitsui. According to the company, Ridecell’s
Root Insurance, a car insurance company that incorporates individual driving behavior in every quote, announced today the closing of a $51 million Series C funding round led by Redpoint Ventures. Scale Venture Partners and existing partners Ribbit Capital and Silicon Valley Bank Capital Partners also
Today, Smartcar announced it has raised a $10 million Series A financing, led by New Enterprise Associates (NEA) and with participation from Andreessen Horowitz. Smartcar's connected car platform lets developers read vehicle data and send commands using HTTP requests to any vehicle in a single
Gabi, which provides a free, online "personal insurance shopper," has raised $9.5 million in Series A funding led by Canvas Ventures. Also joining the round were Correlation Ventures, Northwestern Mutual Future Ventures, Securian Ventures and prior investors A.Capital Ventures and Project A. Gabi, based in
According to a recent SEC filing, Internet & IoT startup Vroom raised $17.3 million in financing from an undisclosed investor. Vroom’s online platform allows users to buy, sell, and trade-in refurbished cars. Using its smartphone app, users can filter searches by body type, year, price, mileage,
Transportation startup Mojio announced the close of $30 million in Series B financing, led by Kensington Capital Partners. Trend Forward Capital, Innogy SE, Amazon, BDC Venture Capital, Relay Ventures, and Deutsche Telekom AG also participated. Mojio’s open platform offers the deployment of aftermarket connected car