Moov Raises $41M in Series A Funding


Moov, a Tempe, AZ-based data-fueled marketplace for used manufacturing equipment, closed a $41m Series A funding.

The round was led by Tiger Global with participation from public semiconductor investor Gavin Baker of Atreides Management, Valor Equity Partners, Avenir Growth Fund and existing investors.

The company intends to use the funds to expand its domestic presence into other semiconductor hubs such as Austin and New York and their global presence in China, Taiwan, South Korea, Japan and Europe, hire executives, invest in research and development, strategically purchase inventory and examine merger and acquisition strategies with other key industry players.

Led by Steven Zhou, co-founder and CEO, Moov has structured and automated a real-time marketplace that connects buyers and sellers of pre-owned semiconductor manufacturing equipment around the world along with offering additional services such as logistics, refurbishment, insurance, and asset management software.