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Moove Funding Rounds and Valuation

Funding History Chart

Funding Round Details

	Funding Date	Share Class	Amount Raised	Price per Share	Post-Money Valuation	Key Investors
Funding Round Details are not yet available for this company.

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Is Moove a public company?

No, Moove is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.

What is Moove’s stock price?

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What is Moove’s stock ticker symbol?

Moove does not have an official ticker symbol because this company is not currently publicly traded.

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Moove’s news and media highlights

Yahoo Finance 10/01/2024

CVC-backed Moove Lubricants targets up to $1.9 billion valuation in US IPO

Brazil's Moove Lubricants, backed by European private equity firm CVC Capital Partners, set a target of up to $1.94 billion valuation on Tuesday for its U.S. initial public offering. Foreign companies often eye U.S. listings hoping for higher valuations and more liquidity than local markets. Moove and some existing shareholders are seeking up to $437.5 million by offering 25 million shares priced between $14.50 and $17.50 each.

Reuters 03/19/2024

Uber-backed startup Moove valued at $750 million after new funding

Moove, which was founded in Nigeria and provides revenue-based vehicle financing, said on Tuesday it had raised $100 million in a latest funding round, valuing the company at $750 million. Launched in 2020, Moove uses a credit scoring system to provide vehicle financing to customers to purchase new vehicles for ride hailing, logistics and deliveries using a percentage of their weekly revenue. The Series B funding was backed by Uber and existing investors like Mubadala, which backed Moove in last year's round.

Tech Crunch 03/19/2024

Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M

Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets. Moove did not say who is leading the round, but sources close to the deal confirmed to TechCrunch that Uber led the Series B round, making it the company’s first investment in the African continent. Update: After we published this article, Moove confirmed Uber led the investment in a LinkedIn post.

Bloomberg 02/23/2024

Uber to Back Nigerian Startup Moove in Up to $100 Million Round

Uber Technologies Inc. is in talks to back African vehicle-financing startup Moove in a funding round of as much as $100 million, said people familiar with the matter. The US ride-hailing firm will join a group of investors in the cash raise, which will push Moove’s enterprise value to about $750 million from a pre-money valuation of about $650 million, said the people, who asked to remain anonymous as the talks are still private. The funding round has not yet concluded and the final figure could still change, ranging between about $75 million and $100 million, they said.

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Updated on: Nov 17, 2024

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