Miovision attracts C$260 million investment
On April 17, 2023, Miovision Technologies Inc. (“Miovision”) announced that it raised C$260 million in growth funding in a round co-led by TELUS Ventures, Maverix Private Equity (“Maverix”) and Export Development Canada (EDC).
With this funding, Miovision will accelerate organic and inorganic growth initiatives, as well as increase investment in product development.
Further information can be found on Globe Newswire’s website.
Miovision enables cities to reduce traffic congestion and vehicle emissions while improving public safety through scalable intelligent transportation solutions. Its AI-powered platform helps communities improve traffic efficiency at the intersection and make roads safer for all types of road users - vehicles, bicycles and pedestrians.
Maverix is a Toronto-based private equity firm. It is led by an experienced and talented team with the background, network and track record necessary to successfully execute on an investment strategy of technology-enabled growth and disruption. Maverix is currently investing out of its inaugural fund, the Maverix Growth Equity Fund I.
One of Canada’s most active corporate venture capital funds, TELUS Ventures is the strategic investment arm of TELUS Corporation. TELUS Ventures invests globally in companies from Seed to Pre-IPO with a focus on innovative technologies such as AgTech, Digital HealthTech, Consumer Connectivity, IoT, 5G, and Business Enablement Platforms to actively drive new solutions across the TELUS ecosystem.
EDC is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad.