McRock Capital leads $15 million round of financing for Miovision

07 May 2018
Client work

On May 7, 2018, Miovision, a leader in smart traffic intersection technology, announced that it had raised $15 million in the form of a convertible note from a syndicate led by McRock Capital and which included MacKinnon, Bennett & Co. and new investors BDC Capital and HarbourVest Partners.

McRock is a dedicated Industrial Internet of Things (IIoT) venture capital fund focused on the intersection of sensors and software in smart cities and large industrial markets.

Derek Keay of Gowling WLG advised McRock in this transaction.

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