Moov operates a data‑driven marketplace that automatically matches listed used manufacturing equipment with buyers while also offering manual search, logistics, refurbishment, insurance and asset‑management services. The platform aims to help sellers recoup capital and enable smaller businesses and universities to acquire equipment they otherwise could not afford. Moov says it can cut lead times for equipment purchases from months to days or hours, a capability highlighted amid the global chip shortage. The company reports close to $1.5 billion in active and available listings on its platform and cites data showing the value of used equipment has more than doubled over the past year, with an expectation to reach roughly $200 billion per year within six to eight years. Moov plans to expand domestically into other semiconductor hubs such as Austin and New York and internationally into China, Taiwan, South Korea, Japan and Europe. The company also intends to hire executives, invest in R&D, strategically purchase more inventory and examine acquisition opportunities. Moov operates a technology-driven marketplace and asset management platform for pre-owned semiconductor manufacturing equipment. The platform uses data to match buyers and sellers of used manufacturing equipment. Moov is led by Co-Founder and CEO Steven Zhou. The company raised an additional $2M in strategic funding in the reported round. That investment brought Moov's seed financing total to $4.4M following a $2.4M seed round the prior year. Investors across the rounds include NFX, Decent Capital (Jason Zeng), Darco Capital, Great Oaks Venture Capital, Mark Cuban, Nat Turner, Zach Weinberg and other angels. Moov is a San Francisco-based technology-driven marketplace and asset management platform that matches buyers and sellers of pre-owned semiconductor manufacturing equipment. Its software automates documentation, information sharing, and the entire transaction process, including contracts, payments, logistics and add-on services. Led by co-founder and CEO Steven Zhou, Moov operates a real-time marketplace for used manufacturing equipment. The company raised $2.4M in seed funding in January 2020. The round was led by NFX with participation from Tencent co-founder Jason Zeng’s Decent Capital, David Adelman’s Darco Capital, Great Oaks Venture Capital, and other angel investors. Moov plans to use the funds to hire additional talent and to further expand into Asia.

Total raised

$45M

Funding rounds

3

Latest round

Series A

Latest activity

Nov 2021