Iomob, the blockchain company pioneering the development of a decentralised protocol for the world’s first mobility marketplace network and token, announced today the completion of a six-figure (token) investment (via SAFT) from Cypher Capital, an award-winning, blockchain-focused venture capital firm based in Dubai. The investment will be used to bolster the development of Iomob’s blockchain architecture.
Iomob’s application and world-class “Journey Planner” ease and improve intermodal mobility by tapping into 7,000 taxi fleets, micro-mobility in more than 270 cities, thousands of parking spaces, and 480+ public transit feeds.
“We are thrilled to work with Cypher Capital, one of the most recognised and respected providers of capital dedicated to the construction of blockchain infrastructure, alongside a number of notable investors in Iomob,” said Boyd Cohen, CEO of Iomob. He continued, “The support of Cypher Capital helps us fuel the development of new, decentralised, interoperable, global mobility networks that will be the cornerstone of the ‘Internet of Mobility’ philosophy that is beginning to reshape how we conceptualise global transportation.”
Iomob also recently announced an investment from True Global Ventures, with co-investment from impact-focused funds A100x and Creas.
