Moove raised $100M in a Series B funding round led by Uber, with participation from Mubadala and other investors, reaching a valuation of $750M.
Amount Raised
$100 Million
Round Type
Series B
Investors
Description
Moove, an African mobility fintech company, secured a $100 million Series B funding round led by Uber, along with sovereign wealth fund Mubadala and several other investors, resulting in a post-money valuation of $750 million. The funding will support Moove's expansion into new markets and its plans to introduce more than 20,000 electric vehicles (EVs) on Uber. Moove plans to use the new capital to expand its revenue-based vehicle financing platform to 16 markets by the end of 2025.
Quick answer
Moove raised $100 Million in a Series B round, dated March 19, 2024. Investors: Future Africa, Triatlum Advisors, Palm Drive Capital, Afric Invest, The Latest Ventures, Mubadala and Uber.
- How much did Moove raise?
- Moove raised $100 Million in a Series B round on March 19, 2024.
- Who invested in Moove?
- Future Africa, Triatlum Advisors, Palm Drive Capital, Afric Invest, The Latest Ventures, Mubadala and Uber are named as investors in this round.
- What does Moove do?
- Moove is an African mobility fintech that is democratizing vehicle ownership by providing revenue-based vehicle financing to mobility entrepreneurs across Africa, where limited access to vehicle financing has resulted..
- Who are the decision-makers at Moove?
- Fundz holds 1 contact at Moove, including the Co Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Media And Entertainment around the same time
Companies in the same sectors as Moove that raised within 45 days of this round, from Fundz verified event records.
- Carputty Inc. raised $80M (Series A) on March 6, 2024.
- Rocket Lab Corp raised $120M (Funding Round) on February 20, 2024.
- Unicoin raised $2K (Pre-Seed) on May 3, 2024.
- Rupeek raised an undisclosed amount (Debt Financing) on May 3, 2024.
- Bolt raised $236M (Funding Round) on May 3, 2024.
- Firenze raised $979K (Pre-Seed) on May 2, 2024.
Who to call at Moove, and when
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- An alert the day Moove raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Moove, from your own LinkedIn network
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Funding Insights
What this usually meansMoove raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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