French startup Xee, which has developed a connected car services platform, has raised €12 million from Bridgestone EMEA, Total, Cofip, and Via ID.
"This capital increase is an important milestone for Xee to pave the way for other potential industrial and financial partners," said Yvan Gravier, CEO of Xee, as reported by Maddyness. "Beyond the investment itself, the industrial, technical and commercial synergies that will be created with these players will open up new prospects for Xee. "
With the financing, the company plans to strengthen its R&D and grow in the big data field. The startup also wants to strengthen its positions in Spain, Portugal, Italy and Belgium, and to set up new markets in Germany, the Netherlands and Luxembourg.
Read more: Maddyness (French)