Dovu, a London, UK-based blockchain mobility project, raised a total of 20,000 Ether (ETH) in ICO, with a current value of $6.2m.
The token sale attracted participants from over 40 countries.
The company intends to use the funds to build and market its core product.
Led by Irfon Watkins, CEO, Dovu aims to create a blockchain-based marketplace for mobility data – sourced from a large number of grassroots users – to power innovation in the transport sector. The company is backed by Jaguar Land Rover’s innovation arm InMotion.