Moov Technologies

Digital marketplace for industrial equipment transactions

San Francisco, California, United States

About Moov Technologies

Moov Technologies operates a digital marketplace for buying and selling industrial equipment, catering to manufacturers, brokers, and various industrial players. The platform utilizes real-time market data to streamline transactions, allowing users to complete equipment purchases in under 24 hours, which is much faster than traditional methods. Users can list their equipment for free, and Moov earns revenue by charging a commission on successful transactions, with additional income from premium services like enhanced listings and expedited logistics. Moov also facilitates the supply of Personal Protective Equipment (PPE) during crises, ensuring essential items reach those in need without profit motives. The company is known for its reliability, boasting over $1,000 worth of tools sold in more than 400 million transactions, a low problem rate of 1%, and 100% deal satisfaction.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$44.2MTotal Funding
SERIES_ACompany Stage
Industrial & Manufacturing, HealthcareIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
401(k) Retirement Plan

Risks

Increased competition in the semiconductor marketplace could erode Moov's market share.
Rapid international expansion may strain Moov's operational capabilities.
Moov's commission-based model is vulnerable to transaction volume fluctuations during downturns.

Differentiation

Moov offers a unique digital ecosystem for seamless equipment transactions.
The platform completes equipment purchases in under 24 hours, faster than traditional methods.
Moov integrates payments, logistics, and asset management into its marketplace.

Upsides

Moov benefits from the semiconductor industry's projected $600 billion market by 2024.
The EU Chips Act offers Moov a strategic opportunity to expand in Europe.
Moov's EMS supports the growing trend of circular economy practices in manufacturing.

Funding

Total raised$44.16 M
Latest valuation$205.00 M
StageSERIES_A