Tuesday, May 8, 2012

Mojo Motors Fuels Up With $3M From Atlas, RPM For Better Used Car Shopping

MojoMotorsLogoMojo Motors, a discount shopping site for used vehicles, has raised $3 million in series A financing, led by Atlas Venture, with participation from existing investors RPM Ventures, NextView Ventures, and others. As a result of the round, Atlas Venture Partner Ryan Moore will be joining the startup's board of directors. The round brings the startup's total to just under $4 million. Launched in 2011 by eBay Motors and Ford Motor Company veteran Paul Nadjarian, Mojo Motors is looking to bring the process by which expert car buyers search for the best used vehicles to the average Joe.

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