Miovision raises $15 million

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Kitchener, Canada-based traffic intersection technology company Miovision has raised $15 million from a syndicate, including Miovision’s largest shareholder MacKinnon, Bennett & Co. and McRock Capital, which led with new investors BDC Capital and HarbourVest Partners.

Whitney Rockley, co-founder and managing partner at McRock Capital, has joined the Miovision board of directors.

Founded in 2005, Miovision previously closed a $30 million Series B round, led by MKB, in 2015.

[Image courtesy: Miovision]