Miovision Completes USD$24M Series B Financing

Funding Rounds

▤ Summary

Miovision, a Kitchener, Ontario, Canada-based provider of traffic systems technology, completed a CAD$30m (USD$24m) Series B financing.The round was led by MacKinnon, Bennett & Co. with participation from Investeco Capital, Renewal Funds, Plaza Ventures and Comerica.Led by Kurtis McBride, CEO, and Tony Brijpaul, COO, Miovision provides the Scout Video Collection Unit, which was launched in 2011 to help collection firms, engineering firms and government agencies to analyze traffic data.Founded in 2007 out of the Accelerator Centre at the University of Waterloo (UW) Research & Technology Park, Miovision currently serves more than 500 customers in 50 countries.Previous equity investments totaled CAD $5.75m provided by Investeco Capital, Renewal Funds, MacKinnon, Bennett & Co. and a local angel network as well as private employee investments.

$ Funding

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Amount $30.0M Total raised
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Date February 10, 2015 Announcement date
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Investors Investeco Capital, Renewal Funds Lead investors
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Company http://www.miovision.com Funded company

▥ Classifications

industries
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applications
Collaboration & Communication

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Labels
Intelligent Transportation Systems Traffic Management Software Adaptive Signal Control

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