# Moova

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moova

- Industry: Software
- Headquarters: Buenos Aires, Argentina
- Website: www.moova.io
- Total disclosed funding: $10M
- Latest round: Series A (Jun 14, 2022)
- Investors on record: 14

## About

Moova SAS is an Argentine-based company specializing in last-mile logistics solutions, providing an innovative platform that connects couriers and customers to facilitate efficient and rapid deliveries.Founded in 2018 in Buenos Aires, Argentina, Moova SAS specializes in last-mile delivery services. The company has successfully completed 7 deals, with the most recent investment round taking place on June 27, 2023, where it raised USD 3.00 mn in funding led by Toyota Tsusho Corporation. The current CEO, Antonio Migliore, is one of the co-founders, and there are no reported subsidiaries or pivots in business strategy.Moova specializes in providing flexible urban logistics solutions that facilitate fast, efficient, and secure deliveries. Their core offerings include a platform that connects individual couriers, termed 'Moovers,' with businesses and consumers requiring rapid delivery services. Utilizing advanced artificial intelligence, the platform optimizes delivery routes and processes, ensuring a high level of efficiency and traceability. Moova's services cater to various sectors, including e-commerce, pharmaceuticals, and groceries, addressing businesses' needs to streamline shipping processes while maintaining customer satisfaction. The company operates across multiple countries in Latin America, including Argentina, Chile, Colombia, Guatemala, Mexico, Peru, and Uruguay, serving a diverse clientele ranging from individual consumers to large enterprises.Moova's revenue model is primarily driven by transactions between its network of couriers and businesses that require delivery services. The structure involves partnerships with various companies across different sectors, allowing them to utilize Moova's logistics technology effectively. Businesses pay for deliveries based on the volume and nature of the services rendered, although specific pricing plans for individual deliveries or subscription services are not disclosed. By integrating Moova's technology into their logistics systems, companies can optimize their delivery processes and reduce operational costs, creating a mutually beneficial financial relationship. The platform enhances revenue opportunities for both Moova and its partners through improved service efficiency and customer engagement.In June 2023, Moova SAS raised USD 3.00 mn in venture funding to support its business expansion. The company aims to introduce new products designed to enhance its logistics offerings and is actively targeting expansion into additional markets across Latin America, although specific regions have not been disclosed. The funds from the latest investment round will be utilized to support these growth initiatives.

## Funding rounds

- Series A, Jun 14, 2022, $10M — Wayra, Movile Group, Alaya Capital, FJ Labs, MatterScale Ventures, Kalei Ventures, National Express, Murchinson, Reflect Ventures, iThink VC, Parser Digital, Insud Pharma, Cosmen Family Office, TASA Logistica
- Series A, Mar 18, 2022 — FJ Labs
- Series A, Feb 10, 2021 — Movile Group, Alaya Capital, FJ Labs, MatterScale Ventures, Kalei Ventures, Murchinson
- Seed, Dec 11, 2019 — FJ Labs

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A
- Movile Group — Series A
- Alaya Capital (https://capitalatlas.ai/funds/alaya-capital) — Series A
- MatterScale Ventures (https://capitalatlas.ai/funds/matterscale-ventures) — Series A
- Kalei Ventures (https://capitalatlas.ai/funds/kalei-ventures) — Series A
- Murchinson (https://capitalatlas.ai/funds/murchinson) — Series A
- Wayra (https://capitalatlas.ai/funds/wayra) — Series A
- National Express — Series A
- Reflect Ventures (https://capitalatlas.ai/funds/reflect-ventures) — Series A
- iThink VC (https://capitalatlas.ai/funds/ithink-vc) — Series A
- Parser Digital — Series A
- Insud Pharma — Series A
- Cosmen Family Office — Series A
- TASA Logistica — Series A