Jaguar Land Rover-Backed Startup DOVU Gets $6 Million in ICO

Blockchain, ICO News, Investing, News | October 20, 2017 By:

Jaguar Land Rover-backed information platform DOVU has raised $6 million via an initial coin offering (ICO). The platform will reward users who voluntarily submit data, such as weather and traffic reports, with DOV tokens. The concept is that the token will incentivize getting more information onto the network for instant updates on conditions.

DOVU also has investments from Creative England, a UK government fund, as well as InMotionVentures, Jaguar Land Rover’s investment arm.┬áThe funds will be used to build the existing DOVU team.