Wejo attracts $25 million investment from General Motors
- On February 13, 2019
- By GrowthInvest Admin
General Motors is taking a 35% stake in Seneca EIS Investee Company wejo, a Chester based ‘connected car’ start-up, originally backed by regional SME specialist, Seneca Partners.
The investment from GM makes wejo the most valuable British start-up in the connected car space. The landmark deal with GM includes a $25 million cash injection in addition to a long-term data-sharing agreement between the two companies. In total, the deal values wejo at $275 million.
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