01-28-2020, 10:07 PM
(01-28-2020, 05:58 PM)taylortbb Wrote: Huge new funding round for Miovision. From: https://betakit.com/miovision-raises-120...-ventures/
Quote:Miovision, a smart city-focused startup, has raised $120 million CAD in a funding round led by Telus Ventures.
The round also saw participation from a syndicate of investors led by previous investor McRock Capital. The syndicate reportedly consists of new investors and existing investors who “chose to increase their support for the company.”
...
According to The Globe and Mail, the $120 million financing includes $100 million in equity and $20 million in debt financing, which BetaKit has since confirmed.
That's one of the bigger funding rounds we've seen locally, putting Miovision up there with Faire, North, ApplyBoard, etc as having a pretty significant vote of confidence from investors.
I rather like Miovision, too, as I see it as a very useful solution with real societal benefits. I hope this leads to greater success for them.
