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Mnubo Raises $6 Million Series A Venture Capital

Monday, May 18, 2015 5:44:00 AM PDT | VentureDeal
   Montréal, Canada  --  Software technology company Mnubo has received $6 million in its first round of institutional venture capital investment.

Mnubo is developing smart data and analytics technologies for the Internet of Things (IoT).

The company says that its users are "on a constant quest to transform connected things into smart objects."

Investors who led the round were White Star Capital and McRock Capital.

Mnubo said it would use the funding to expand its commercial team, enhance the user experience and accelerate its technical initiatives.

CEO Frederic Bastien (LinkedIn Profile) is also the co-founder of the company, which was founded in 2012.

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