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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."



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