Renault: Alliance Ventures invests in Coord
(CercleFinance.com) - Alliance ventures, the venture capital fund of the Renault-Nissan-Mitsubishi automobile alliance, announced on Thursday that it led a 5 million dollar Series A investment in Coord, an American platform for the management of Mobility-related Data.
Coord is primarily aimed at an audience of developers and wants to leverage this fundraising to expand its geographic coverage and design a comprehensive solution that will enable business customers to optimise their use of all Types of infrastructures: roads, pavements, car parks, etc.
"We are pleased to be adding Coord to our investment portfolio," said Francois Doss, Alliance Global Vice President, Ventures and Open Innovation. "This promising and fast-growing business fits exactly with our goal to support technology start-ups and business entrepreneurs focused on next-generation mobility services."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Coord is primarily aimed at an audience of developers and wants to leverage this fundraising to expand its geographic coverage and design a comprehensive solution that will enable business customers to optimise their use of all Types of infrastructures: roads, pavements, car parks, etc.
"We are pleased to be adding Coord to our investment portfolio," said Francois Doss, Alliance Global Vice President, Ventures and Open Innovation. "This promising and fast-growing business fits exactly with our goal to support technology start-ups and business entrepreneurs focused on next-generation mobility services."
Copyright (c) 2018 CercleFinance.com. All rights reserved.