{"id":1662,"date":"2023-06-28T19:01:46","date_gmt":"2023-06-28T19:01:46","guid":{"rendered":"https:\/\/digitone.news\/?p=1662"},"modified":"2023-06-28T19:01:46","modified_gmt":"2023-06-28T19:01:46","slug":"notraffic-raises-50-million","status":"publish","type":"post","link":"https:\/\/digitone.news\/index.php\/2023\/06\/28\/notraffic-raises-50-million\/","title":{"rendered":"NoTraffic Raises $50 Million"},"content":{"rendered":"\n<p>The struggle against road accidents, traffic congestion, and air pollution, coupled with the massive budgets allocated by the US government to combat these issues, all forecast a promising future for the traffic light technology of the Israeli company NoTraffic. This outlook led the British fund M&amp;G Investments to lead a Series B funding round in the company, raising $50 million. The funds are expected to be used to expand all areas of the company&#8217;s activity, beyond rapid growth and a potential IPO in the future.<\/p>\n\n\n\n<p>The Swedish fund VNV Global, owner of GETT, also joined this fundraising round. Existing investors in the company &#8211; Mita-Tech, Grove Ventures, UMC Capital, Vektor Partners, North First Ventures, Next-Gear and TMG investment fund also participated in the round. This brings the total amount raised by the company to date to $75.5 million.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"383\" src=\"https:\/\/digitone.news\/wp-content\/uploads\/2023\/06\/NUTRA_re_autoOrient_i.jpg\" alt=\"\" class=\"wp-image-1663\" srcset=\"https:\/\/digitone.news\/wp-content\/uploads\/2023\/06\/NUTRA_re_autoOrient_i.jpg 624w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/06\/NUTRA_re_autoOrient_i-300x184.jpg 300w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/06\/NUTRA_re_autoOrient_i-150x92.jpg 150w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The struggle against road accidents, traffic congestion, and air pollution, coupled with the massive budgets allocated by the US government to combat these issues, all forecast a promising future for the traffic light technology of the Israeli company NoTraffic. This outlook led the British fund M&amp;G Investments to lead a Series B funding round in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,47],"tags":[],"class_list":{"0":"post-1662","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-mobilty"},"_links":{"self":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/comments?post=1662"}],"version-history":[{"count":1,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1662\/revisions"}],"predecessor-version":[{"id":1664,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1662\/revisions\/1664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media\/1663"}],"wp:attachment":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media?parent=1662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/categories?post=1662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/tags?post=1662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}