Mnubo connects with HSB in series B round

Feb 1, 2018 • Callum Cyrus

Canada-based internet-of-things (IoT) analytics platform developer Mnubo has raised C$16.5m ($13.4m) in a series B round led by HSB Group, a subsidiary of reinsurance group Munich Re.

Venture capital funds McRock Capital and White Star Capital also participated in the oversubscribed round, along with undisclosed additional investors. The two had previously supplied Mnubo with approximately $5m of series A funding in 2015.

Founded in 2012, Mnubo has built a software package called SmartObjects that offers insights from data aggregated from…

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