Wejo secures up to €88M in committed equity financing
Summary
UK-based Wejo has secured up to $100M (€88M) in committed equity financing. The company, which builds an EV infrastructure data platform, announced on Monday that it has entered into a common stock purchase agreement and a registration rights agreement with CF Principal Investments LLC, an affiliate of Cantor Fitzgerald. “We are excited to partner with Cantor Fitzgerald and secure this financing facility,” says Richard Barlow, Founder and Chief Executive Officer of Wejo. The auto data startup based in Manchester intends to use the additional funding to make critical investments and also focus on its expansion.
Funding
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