Mocana Corporation Status
The company raised $15 million of Series 1 venture funding from Sway Ventures, Shasta Ventures and Trident Capital on May 16, 2017, putting the pre-money valuation at an estimated $35 million. GE Ventures also participated in the round. The company will use the funds to accelerate innovation and drive growth. As a part of this round, the company underwent a stock reclassification.