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Inseego Announces $25 Million Investment by Mubadala

Mar 10, 2020 - Business Wire

Inseego Corp . (Nasdaq: INSG), a pioneer of 5G and intelligent IoT device-to-cloud solutions, today announced that it has closed a $25 million private placement for the sale of Series E Preferred Stock to a private fund managed by Mubadala Investment Company's asset management arm, Mubadala Capital, as part of its public equities strategy. Mubadala Capital joins existing major investors Tavistock Group and North Sound Partners.

This investment strengthens Inseego's balance sheet and provid...