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Zubie Raises $8 Million

August 18, 2014
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A graduate of Best Buy's ventures division has raised $8 million in venture capital. 

According to the Twin Cities Business Journal,  Zubie Inc., which sells a car-monitoring device and accompanying app, has raised $8 million from a round led by Venture capital firm Nokia Growth Partners and automotive supplier Magna International. The company, founded in 2012 inside Best Buy, raised $10 million last year: 

According to the report: 

Zubie Inc. makes a small device that plugs into a car’s diagnostics system. The product collects data and wirelessly transmits it to a smartphone app, allowing consumers to track a car’s location, maintenance problems, driving patterns and other information.

 

 


 

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