Moove
African mobility fintech that is democratizing vehicle ownership by providing revenue-based vehicle financing to mobility entrepreneurs across Africa
Location: Nigeria
Website: https://moove.africa/
Sector: Logistics & Transport
Funding Stage: Debt, Series A, Debt, Pre-Series B, Debt, Debt, Debt, Venture Round, Debt, Venture Round, Venture Round, Debt, Debt, Series B,
Total Funding ($m): 421.5
# of Founders: 3
Founding Year: 2019
Funding Year: 2022
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2021 | $40m | Debt | IFC, Emso Asset Management |
| 2021 | $23.2m | Series A | Speedinvest, Left Lane Capital, DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Class 5 Global, Victoria van Lennep, Kepple Africa Ventures |
| 2022 | $10m | Debt | NBK Capital Partners |
| 2022 | $65m | Pre-Series B | Speedinvest, Left Lane Capital, thelatest.ventures, Latitude Fund |
| 2022 | $40m | Debt | AfricInvest, MUFG Innovation Partners, Kreos Capital |
| 2022 | $20m | Debt | British International Investment (ex CDC) |
| 2022 | $20m | Debt | Absa CIB |
| 2022 | $17.3m | Venture Round | Emso Asset Management |
| 2022 | $30m | Debt | n.a. |
| 2023 | $8m | Venture Round | Absa CIB |
| 2023 | $28m | Venture Round | Mubadala Investment Company, Angel Investors |
| 2023 | $10m | Debt | BlackRock |
| 2024 | $10m | Debt | Stride Ventures |
| 2024 | $100m | Series B | Uber, Mubadala Investment Company, Angel Investors |
Debt $40m
IFC, Emso Asset ManagementSeries A $23.2m
Speedinvest, Left Lane Capital, DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Class 5 Global, Victoria van Lennep, Kepple Africa VenturesDebt $10m
NBK Capital PartnersPre-Series B $65m
Speedinvest, Left Lane Capital, thelatest.ventures, Latitude FundDebt $40m
AfricInvest, MUFG Innovation Partners, Kreos CapitalDebt $20m
British International Investment (ex CDC)Debt $20m
Absa CIBVenture Round $17.3m
Emso Asset ManagementDebt $30m
n.a.Venture Round $8m
Absa CIBVenture Round $28m
Mubadala Investment Company, Angel InvestorsDebt $10m
BlackRockDebt $10m
Stride VenturesSeries B $100m
Uber, Mubadala Investment Company, Angel InvestorsNews
https://techpoint.africa/2024/02/26/uber-to-invest-100m-intechpoint-digest-778-moove/, https://techcrunch.com/2024/03/19/uber-leads-100m-investment-in-african-mobility-fintech-moove-as-valuation-hits-750m/