Moove

Lead: Future Africa

Investors: Future Africa

Year 2020. Company press release: 'initially bootstrapped by its co-founders with seed stage funding from Future Africa'. Amount never disclosed; the Series A release implies about $5.2M of pre-Series A equity ($28.2M equity total minus $23M) but this is not stated directly. Also: https://www.financialnigeria.com/moove-raises-23-million-to-expand-mobility-vehicle-ownership-in-africa-sustainable-photovideo-details-1467.html Confidence: confirmed (round 13, Business Wire (company press release)).

Investors: Emso Asset Management, other undisclosed lenders

Cumulative debt of $40.0M raised before/alongside the Series A (2020-2021), per the company's own statement 'total funding to $68.2 million, made up of $28.2 million in equity and $40.0 million in debt'; Emso named as 'one of Moove's existing lenders'. May comprise several facilities; recorded once because no facility-level announcement exists. Also: https://www.finsmes.com/2021/08/moove-raises-23m-in-series-a-funding.html Confidence: confirmed (round 13, Financial Nigeria (syndicated press release)).

Lead: Mubadala Investment Company

Investors: Mubadala Investment Company, Woven Capital, Ion Pacific, BlueCrest Capital Management, Sona Asset Management, The Raptor Group, BlackRock, MUFG, Franklin Templeton, Uber, Left Lane Capital, Silverbacks Holdings, Square Associates, The Latest Ventures, Ontario Power Generation Pension Plan

Co-led by Woven Capital (Toyota) and Ion Pacific. Bloomberg had reported in Sept 2025 that Moove sought $300M+ at a $2B+ valuation. Also: https://moove.com/drive-to-own/news/moove-series-c https://techcrunch.com/2026/08/05/moove-raises-250m-to-become-the-backbone-of-the-robotaxi-industry/ https://www.thenationalnews.com/business/2026/08/05/uae-mobility-company-moove-valued-at-21bn-after-mubadala-led-fundraising/ Confidence: confirmed (round 13, Mubadala).

Lead: Mubadala Investment Company

Investors: Mubadala Investment Company, BlackRock (managed funds), existing investors

Company gave no series label (Tracxn calls it Series B). Composition per company: $28M equity led by Mubadala + $10M venture debt from BlackRock + $38M 'previously undisclosed funds raised in the prior 12 months' (which may overlap the Absa facilities above). Post-money $550M per TechCrunch quoting the company. Company states total raised 'over $335 million'; TechCrunch says $325M ($150M equity, $175M+ debt). Also: https://techcrunch.com/2023/08/10/moove-takes-in-76m-equity-debt-from-mubadala-and-blackrock-at-a-550m-valuation/ https://www.fintechfutures.com/venture-capital-funding/mobility-fintech-moove-secures-76m-funding-to-fuel-global-expansion Confidence: confirmed (round 13, Moove).

Lead: Absa Corporate and Investment Banking

Investors: Absa CIB

Ghana fleet; brings Absa financing to $28M. Some outlets date it 10 July 2023. Also: https://fintech.global/2023/07/10/african-mobility-startup-moove-secures-8m-from-absa-for-ghana-expansion/ Confidence: confirmed (round 13, Moove).

Lead: Franklin Templeton Investments (ME)

Investors: Franklin Templeton Investments (ME) Ltd

Debut sukuk al-istisna arranged by Franklin Templeton; company states total raised to date 'over $250 million'. Also: https://ibsintelligence.com/ibsi-news/moove-raises-30m-for-uae-expansion/ https://au-startups.com/rounds/debt-moove-2022-12-22-888 Confidence: confirmed (round 13, Moove).

Lead: Emso Asset Management

Investors: Emso Asset Management

Company states £15 million (GBP, no peg); USD figure of $16.8M taken from Disrupt Africa/FurtherAfrica coverage at the October 2022 rate. UK fleet. Also: https://techcabal.com/2022/10/21/nigerias-moove-raises-15-million-to-scale-operations-in-the-uk/ https://disruptafrica.com/2022/10/21/nigerian-mobility-fintech-startup-moove-raises-16-8m-financing-facility-to-scale-uk-operations/ Confidence: confirmed (round 13, Moove).

Lead: British International Investment

Investors: British International Investment

4-year structured credit investment for Lagos fleet. TechCabal: 2022 funding to date $135M, cumulative $194.5M. Also: https://techcabal.com/2022/06/30/bii-invests-in-moove/ https://nairametrics.com/2022/06/30/deal-nigerian-startup-moove-secures-20-million-credit-from-british-international-investment/ Confidence: confirmed (round 13, British International Investment).

Lead: Speedinvest, Left Lane Capital and thelatest.ventures

Investors: Speedinvest, Left Lane Capital, thelatest.ventures, AfricInvest, MUFG Innovation Partners, Latitude, Kreos Capital

Company labels it 'Series A2'; $65M equity and $40M debt (TechCrunch). Recorded as one round per the company's framing. Company states total funding to date of $174.5M after this round. Also: https://techcrunch.com/2022/03/14/moove-raises-105m-to-scale-its-vehicle-financing-product-across-asia-europe-and-mena/ https://financialit.net/news/fundraising-news/worlds-first-mobility-fintech-moove-raises-105m-series-a2-round-scale-its https://techcabal.com/2022/03/14/moove-secures-105m/ Confidence: confirmed (round 13, Business Wire (company press release)).

Lead: NBK Capital Partners

Investors: NBK Capital Partners Mezzanine Fund II

Asset-backed venture debt facility for West Africa expansion; TechCrunch (Mar 2022) confirms 'closed $10 million in debt financing facility' one month before the Series A2. Also: https://disruptafrica.com/2022/02/03/nigerian-mobility-fintech-startup-moove-secures-10m-debt-financing-facility/ https://furtherafrica.com/2022/02/08/nigeria-mobility-fintech-moove-received-us10m-debt-funding-facility/ https://techcrunch.com/2022/03/14/moove-raises-105m-to-scale-its-vehicle-financing-product-across-asia-europe-and-mena/ Confidence: confirmed (round 13, PYMNTS).

Lead: Speedinvest and Left Lane Capital

Investors: Speedinvest, Left Lane Capital, DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Spartech Ventures, Class 5 Global, Victoria van Lennep, Verod Kepple Africa Ventures, Emso Asset Management

Also: https://www.finsmes.com/2021/08/moove-raises-23m-in-series-a-funding.html https://www.wamda.com/2021/08/uaes-kaaf-investments-spartech-ventures-participate-nigeria-based-auto-financing-startup-mooves-23-million-series-round Confidence: confirmed (round 13, Business Wire (company press release)).