Thursday, February 9, 2017

Mojo Networks Finds $30M

Mountain View-based Mojo Networks, a developer of Wi-Fi software used by large enterprises, universities, school districts and service providers to manage the delivery of their wireless services, has raised $30M in a combination of Series E equity and debt. The funding came from Presidio Partners, Trident Capital, and Granite Ventures, along with new investors North Haven Expansion Credit, a fund sponsored by Morgan Stanley Private Credit & Equity, Walden Riverwood Ventures, and Alpha Technologies. The company said the funds go towards sales, marketing and engineering. Rick Wilmer is CEO of Mojo Networks.