Otonomo Technologies Ltd. announced that it has entered into a subscription agreements to issue 14,250,000 common shares at price of $10 per share for gross proceeds of $142,500,000 on January 31, 2021. The transaction will include participation from Fidelity Management & Research Company LLC, BNP Paribas Asset Management Energy Transition Fund, a fund managed by BNPP Asset Management Luxembourg, Dell Technologies Capital, Inc. and existing investor, Hearst Ventures. The board of directors has approved the transaction and is subject to approval from the shareholder of the company. The transaction is expected to close in the second quarter of 2021. The securities to be issued will have a lock up of 180 days from the closing date.