News

News

Wejo fundraise secures £10m to underpin next stage of growth

August 3, 2020
No items found.
  • Wejo will use the funds to drive expansion with new global auto partners
  • Enables Wejo to bring new products to market to satisfy the significant demand for data insights

Wejo, the connected car data pioneer, announces that it has secured £10 million in a fundraise which will underpin the next stage of the group’s development as it announces new global automotive partnerships and progresses as market leader of mobility intelligence. Funds have come from a mix of new and current investors, with the round being led by DIP Capital LLP and including the UK government’s Future Fund.

Riccardo Cirillo, Founding and Managing Partner of DIP Capital LLP, said: “We are excited to lead this round as we recognise Wejo’s huge potential and believe in the value it provides not just to car companies but also to end-user customers of its big data insights and analytics. We are confident Wejo is in the right position to take advantage of this clear opportunity to become a leader in the market, shake up the automotive industry, and enable the full digitalisation of mobility.”

Wejo is experiencing increasing demand and recognition of the value that its connected car data products and insights provide, unlocking value for public and private sector organisations. The data and insights provided by the 10.3 million cars on its platform are licensed to mobility businesses from traffic analysts to parking app developers, smart city planners to governments.  

Wejo is creating the largest single source of connected car data, focused on innovation and making it simple and secure for organisations to access and benefit from connected car data. Wejo is in live discussions with various other auto manufacturers about future opportunities, working with its partners to take the complexity out of data processing, storage and sharing.

The Future Fund is aimed at innovative and high-growth British businesses who are able to secure investment to help them through the Coronavirus outbreak. UK-based companies can apply for a convertible loan of between £125,000 and £5 million, to support continued growth and innovation. Private investors have to at least match the government investment in these companies. The Fund is open until September 2020 and is delivered in partnership with the British Business Bank.

Commenting on today’s announcement, Richard Barlow, CEO of Wejo, said: “To secure this level of commitment from a mix of new and incumbent investors is testament to the quality and opportunity presented by Wejo’s unique tech platform and innovation pipeline. Focused on harnessing data for good, we are working with multiple car manufacturers and end users to deliver better journeys for all.”

Join the community

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Mobility Roundtable
Thank you for joining, watch out for the email
Something went wrong while submitting the form

Get your complimentary consultation

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

wejo x CES 2021

Thank you, we will be in touch soon

Something went wrong while submitting the form

Enter your details to watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

wejo webinar

Big data applications for managing us roadways

Watch now
Something went wrong while submitting the form

Enter your details to watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

wejo webinar

Wejo Data Labs

Watch now
Something went wrong while submitting the form

Enter your details to download the ebook

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

eBook: 2020 Holidays in Review
Download
Something went wrong while submitting the form

Enter your details to download the ebook

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Navigating a COVID-19 World with Connected Car Data Insights
Download
Something went wrong while submitting the form

Enter your details to download the ebook

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Click to download the ebook
Download
Something went wrong while submitting the form

Watch the recording

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Watch the recording
Reuters Smart Infrastructure & Energy Week
Watch now
Something went wrong while submitting the form

Watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
The true impact of roadworks and lane closure
Watch now
Something went wrong while submitting the form

Watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
Connecting the DOTs: How Connected Vehicle Data Enables Work Zone Safety
Watch now
Something went wrong while submitting the form

Watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
Introducing Wejo Data Labs
Watch now
Something went wrong while submitting the form

Download the webinar on-demand

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
Big Mobility Data: Enhancing Strategic Decision Making
Watch now
Something went wrong while submitting the form

Join the community

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Mobility Roundtable
Thanks for joining
Something went wrong while submitting the form

Enter your details to watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
Watch the panel
Watch now
Something went wrong while submitting the form

Enter your details to watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
Year over year Covid-19 mobility data
Watch now
Something went wrong while submitting the form

Enter your details to watch the panel

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

IIOT World's Smart Cities Day 2021
Urban Mobility Trends, Players, Sustainable Solutions for Cities
Watch now
Something went wrong while submitting the form

Enter your details to watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
Connected car data vs. mobile data: 5 things you need to know
Watch now
Something went wrong while submitting the form

Already registered? Book a meeting with us

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

THANK YOU
We will be in contact soon to book a meeting
Something went wrong while submitting the form

Enter your details to watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
Connected car data & Wejo 2021
Watch now
Something went wrong while submitting the form

Enter your details to watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
How has COVID-19 impacted the holidays?
Watch now
Something went wrong while submitting the form

Enter your details to watch the webinar

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Webinar
Optimizing traffic signal performance to enhance safety and reduce infrastructure cost
Watch now
Something went wrong while submitting the form

Enter your details for more information about Wejo’s solutions or to discuss how we can help you meet the challenge of Massachusetts Right to Repair 

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Thank you, we will be in contact soon.
Something went wrong while submitting the form

Enter your details to download the white paper

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Whitepaper

The growth of the connected vehicle data market

Download now
Something went wrong while submitting the form
Contacts

Nick Goode, Wejo

nick.goode@wejo.com

Patricia Graue / Lou DeLeo / Simone Selzer, Brunswick

(212) 333-3810
wejo@brunswickgroup.com
Contacts

Investors

Shannon Casey, PR for Wejo

617-426-2222
wejo@v2comms.com
Contacts

Investors

Lou DeLeo, Brunswick Group

(212) 333-3810
investor.relations@wejo.com

Media

Patricia Graue / Simone Selzer, Brunswick Group

wejo@brunswickgroup.com
Contacts

PR for Wejo

Shannon Casey

617-426-2222
wejo@v2comms.com

Sign up for the latest news

Sign up to be the first to learn about the latest news and insights from the mobility and connected car data world.

By clicking submit you consent to sharing your data with Wejo for the purposes of contacting you regarding Wejo’s products and services

Thank you for subscribing

Your subscription is confirmed
Something went wrong while submitting the form
Recent articles

More news >