Axeda Adds $9M from JMI, MMV

Axeda, the Waltham, MA-based startup that makes a cloud-based system for wireless tracking of company assets, announced today that it has completed a $5 million Series B funding round led by JMI Equity of San Diego and Baltimore. At the same time, the company raised $4 million in venture debt from MMV Financial of Toronto.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

Trending on Xconomy