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§ Private Profile · Cedar Falls, IA, USA
Moov is a technology company.
Moov provides a unified payment infrastructure platform designed for businesses to manage their money movement comprehensively. The platform centralizes capabilities for accepting, storing, sending, and spending funds through a single integration and legal agreement. It connects directly to major payment networks, including The Clearing House, Federal Reserve, Visa, Mastercard, American Express, and Discover, offering various payment rails, wallets, instant payouts, and virtual card issuance. This approach aims to streamline complex payment workflows and provide enhanced control and visibility for technical teams.
The company was co-founded by Wade Arnold and Bob Smith in 2020. Their founding insight stemmed from the fragmented and legacy-driven nature of the existing payments industry, where businesses often piece together numerous providers or build solutions from scratch. Arnold and Smith set out to construct a modern, web-scale ledger infrastructure directly integrated with payment networks, challenging the status quo with a focus on simplicity and power.
Moov's payment solutions are utilized by technology companies across diverse sectors, including digital banking, construction, fundraising platforms, and loan servicing, to optimize financial operations. The company is committed to developing payments software that is powerful, intuitive, and elegantly designed, ultimately striving to create the payments stack they would want to use themselves, empowering businesses to focus on their core offerings.
Moov has raised $140.0M across 8 funding rounds.
Moov has raised $140.0M in total across 8 funding rounds.
Moov Technologies is a technology company that operates a data-driven global marketplace and asset management platform specializing in the buying, selling, and management of used semiconductor manufacturing equipment. It serves manufacturing businesses worldwide by simplifying and accelerating transactions in the secondary semiconductor equipment market, offering logistics, asset management, and aftermarket services to reduce lead times and costs. Moov’s platform addresses the inefficiencies and complexities of buying and selling pre-owned manufacturing equipment, providing accurate listings, fast payments, and comprehensive logistics support, which has driven significant growth and adoption globally[1][3][4].
Founded in 2017 by Steven Zhou and Maxam Yeung, who brought over a decade of experience in semiconductor investment and asset trading, Moov emerged to revolutionize the secondary market for semiconductor equipment through automation and innovation. Early traction included building a proprietary marketplace and logistics network, expanding globally with offices in the US and Asia, and securing substantial venture funding, including a $41 million Series A led by Tiger Global. This foundation enabled Moov to scale rapidly, reaching $28.6 million in revenue by 2024 and serving customers in over 55 countries[1][2][3][4].
Moov rides the trend of digitization and automation in the semiconductor manufacturing supply chain, a sector critical to global technology production. The timing is crucial as semiconductor demand surges amid supply chain disruptions and the need for cost-effective capital asset management grows. By streamlining the secondary equipment market, Moov helps manufacturers optimize capital expenditures, reduce lead times, and improve sustainability through equipment reuse. This positions Moov as a key enabler in the semiconductor ecosystem, influencing how manufacturing assets are traded and managed globally[3][4].
Looking ahead, Moov is poised to deepen its platform capabilities by expanding aftermarket services and enhancing automation to further simplify equipment lifecycle management. Trends such as increased semiconductor demand, supply chain resilience, and sustainability will shape Moov’s growth trajectory. Its global footprint and innovative services suggest it will continue to set standards in the secondary equipment market, potentially becoming the dominant channel for manufacturing asset transactions worldwide. Moov’s mission to create the largest, fastest, and safest ecosystem for equipment trading aligns with broader industry shifts toward digital transformation and circular economy principles[3][4].
Moov has raised $140.0M in total across 8 funding rounds.
Moov's investors include Peter Pan, Acrew Capital, Act One Ventures, Alumni Ventures, American Express Ventures, Andreessen Horowitz, Asylum Ventures, Bain Capital Ventures, Cambrian Ventures, Commerce Ventures, Company Capital, Cowboy Ventures.
Moov has raised $140.0M across 8 funding rounds. Most recently, it raised $45.0M Series B in January 2023.