Diligence memo · auto-generated · as of July 2, 2026
Moove
Moove looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Moove operates in Mobility / Logistics, based in Africa. Nigerian mobility startup Moove, which provides revenue-based vehicle financing to help individuals across Africa own their own vehicles, has raised a US$23 million Series A funding round to help it expand more quickly.
Sub-sector tags: mobility.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Moove has raised $63M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $63M on 2021-08-10.
Most recent recorded round closed around 2021-08-10.
Valuation (modeled)modeled
Provath models Moove at approximately $617M (range $78M–$2.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 8.69× the median modeled value of Series A Mobility / Logistics companies in 2019–2021 (13 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 4.9 yr ago; this sector typically re-raises about every 10 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 97% of Mobility / Logistics peers (431 compared).
Modeled value ranks above 98% of those peers.
Closest niche peers: Harkness Logistics Holdings, Inc., Vantage Point Logistics, Inc., Shipamax Inc., Global Freight Logistics Network, 1-10 Logistics Center, LLC.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.