German tracking and analytics company Kinexon has secured $130m (€122m) in a Series A funding round led by private equity firm Thomas H. Lee Partners (THL).
Co-investments have also been made by BMW i Ventures and Telekom Innovation Pool, Deutsche Telekom’s strategic investment fund. Kinexon will look to use the investment to accelerate the development of its automation technology and continue its expansion in North America and Europe.
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