GPS tracker ‘It's My Bike’ receives cash injection

DARMSTADT, Germany - Software developer and owner of It's My Bike, IoT Venture GmbH, has successfully closed a Series A financing round. The investment volume which amounts to €1.2 million comes equally from BMH Beteiligungs-Managementgesellschaft Hessen mbH and venture capital provider Mobility Boost GmbH and will be used to further scale the company.
IoT Venture COO Thomas Ullmann (left) and CEO Jürgen Veith (right). - Photo IoT Venture