The safe-driving app developer took its overall funding to almost $45m with a round featuring Alibaba Innovation Ventures and Nationwide.
Israel-based vehicle communication technology developer Nexar has completed a $30m financing round that included insurance group Nationwide and Alibaba Innovation Ventures, a subsidiary of e-commerce group Alibaba.
Investment firm Ibex Investors led the round, which included venture capital firms Aleph, Mosaic Ventures, Slow Ventures, True Ventures and Tusk Ventures.
Nexar has created a vehicle-to-vehicle communication system that uses connected smartphones, car-mounted cameras and sensors to crowdsource information and provide drivers with real-time information on road hazards through an app on…
