The GM-backed transport data provider has added $13.1m in a round led by existing investor DIP Capital and backed by the UK’s Future Fund.
Wejo, a UK-based connected car data repository backed by carmaker General Motors (GM), has received £10m ($13.1m) in a funding round led by venture capital firm DIP Capital.
The round also featured convertible note financing from the UK government’s Future Fund, formed to support innovative businesses through the Covid-19 pandemic.
Founded in 2014, Wejo sources data from connected vehicles and provides it to end users including insurers, breakdown recovery services and local governments. It plans to invest the funding in…
