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Raven Connected raised $10M in Series A funding led by Telus Global Ventures to grow its workforce by 25 percent and expand its technology and channel partnerships.

Jun 28, 2024about 1 year ago

Amount Raised

$10 Million

Round Type

series a

OttawaAutomotive

Investors

Graphite VenturesCeltic House Venture PartnersExport Development Canada (Edc)Telus Global Ventures

Description

Raven Connected, an Ottawa-based connected car startup, has secured $10 million in Series A funding led by Telus Global Ventures. The company intends to use the funding to expand its third-party integration partners, introduce new artificial intelligence (AI) models, and grow its workforce by more than 25 percent over the coming year.

Company Information

Company

Raven Connected

Location

Ottawa, Ontario, Canada

About

Raven Connected is an Ottawa-based startup founded in 2016 that provides AI and internet-of-things (IoT) smart vehicle technology, particularly in video telematics such as dashcams. Its solutions include live GPS tracking, vehicle diagnostics, and a dual dash cam in order to help businesses monitor and analyze their vehicles and drivers, as well as keep track of any incidents.

FundzWatch™ Score

10
Low Activity
1 total signals

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech