Moov Company Profile

Background

Overview

Moov is a technology-driven company specializing in the secondary market for semiconductor manufacturing equipment. Established in 2017, Moov operates as a global marketplace, connecting buyers and sellers of pre-owned equipment, thereby enhancing the efficiency and reliability of equipment transactions within the semiconductor industry.

Mission and Vision

Moov's mission is to simplify the process of buying, selling, and managing equipment for businesses worldwide. The company's vision is to become the primary channel through which every manufacturing company handles its capital assets, fostering a more efficient and sustainable equipment marketplace.

Industry Significance

By providing a centralized platform for pre-owned semiconductor equipment, Moov addresses the industry's need for a transparent and efficient marketplace. This approach not only reduces costs for manufacturers but also promotes sustainability by extending the lifecycle of equipment.

Key Strategic Focus

Core Objectives

• Global Expansion: Moov aims to broaden its international presence, facilitating equipment transactions across various regions.

• Platform Enhancement: Continuous improvement of its digital marketplace to offer a seamless user experience.

• Sustainability: Promoting the reuse of equipment to reduce environmental impact.

Areas of Specialization

• Semiconductor Equipment: Specializing in the trade of pre-owned semiconductor manufacturing equipment.

• Logistics and Aftermarket Services: Providing comprehensive logistics solutions and equipment refurbishment services.

Key Technologies Utilized

• Digital Marketplace Platform: An online platform that facilitates real-time equipment listings and transactions.

• Logistics Management Systems: Advanced systems for managing the transportation and installation of equipment.

Primary Markets Targeted

• Semiconductor Manufacturers: Companies involved in semiconductor production seeking cost-effective equipment solutions.

• Equipment Sellers: Businesses looking to sell surplus or idle equipment.

Financials and Funding

Funding History

• Seed Round: In August 2020, Moov raised a $5.5 million seed round led by Bain Capital Ventures.

• Series A: In December 2020, the company secured a $27 million Series A round led by Andreessen Horowitz.

• Series B: In January 2023, Moov raised an oversubscribed $45 million Series B round led by Commerce Ventures, with participation from Andreessen Horowitz, Bain Capital Ventures, Visa, and Sorenson Ventures.

Total Funds Raised

As of May 2025, Moov has raised a total of $145 million across six funding rounds.

Utilization of Capital

The funds have been allocated towards platform development, global expansion, and enhancing logistics and aftermarket services to support the growing demand for pre-owned semiconductor equipment.

Pipeline Development

Key Pipeline Candidates

• Equipment Listings: A diverse range of pre-owned semiconductor manufacturing equipment available for sale.

• Logistics Services: Comprehensive logistics solutions, including de-installation, rigging, crating, shipping, refurbishment, and installation services.

Stages of Development

• Platform Expansion: Ongoing development to enhance the user experience and expand the range of equipment listed.

• Service Integration: Integrating additional services such as equipment refurbishment and installation to provide a full-service solution.

Target Conditions

• Semiconductor Manufacturing: Focusing on equipment used in semiconductor fabrication and assembly processes.

Anticipated Milestones

• Global Market Penetration: Achieving a significant presence in key international markets.

• Service Diversification: Expanding the range of services offered to include comprehensive equipment lifecycle management.

Technological Platform and Innovation

Proprietary Technologies

• Digital Marketplace Platform: A proprietary online platform that facilitates real-time equipment listings and transactions.

Significant Scientific Methods

• Logistics Optimization: Utilizing advanced logistics management systems to streamline equipment transportation and installation.

AI-Driven Capabilities

• Smart Match Technology: Employing AI algorithms to match buyers with suitable equipment listings based on specific criteria.

Leadership Team

Steven Zhou – CEO

• Professional Background: Co-founder and CEO of Moov, with extensive experience in the semiconductor industry.

• Key Contributions: Led the development and expansion of Moov's global marketplace for pre-owned semiconductor equipment.

Maxam Yeung – Co-Founder and Sales Director

• Professional Background: Co-founder and Sales Director at Moov, specializing in sales and business development within the semiconductor sector.

• Key Contributions: Instrumental in establishing strategic partnerships and driving sales growth for Moov.

Market Insights and Competitor Profile

Market Size and Growth Potential

The global market for pre-owned semiconductor equipment is substantial, with significant growth potential as manufacturers seek cost-effective solutions.

Industry Trends

Increasing emphasis on sustainability and cost efficiency is driving the demand for pre-owned equipment.

Competitor Analysis

Key competitors include companies such as SEMI, a global industry association representing the electronics and supply-chain design industries, and other regional equipment brokers.

Competitive Landscape

Moov differentiates itself through its comprehensive service offerings, including logistics and refurbishment, and its global digital marketplace platform.

Strategic Collaborations and Partnerships

Significant Collaborations

• Logistics Partners: Collaborations with logistics providers to offer comprehensive equipment transportation and installation services.

• Refurbishment Partners: Partnerships with equipment refurbishment specialists to enhance the value proposition for buyers.

Operational Insights

Strategic Considerations

• Major Competitors: Traditional equipment brokers and regional marketplaces.

• Market Position: Moov holds a competitive advantage through its integrated service model and global reach.

• Competitive Advantages: Comprehensive service offerings, including logistics, refurbishment, and installation; a user-friendly digital platform; and a global network of buyers and sellers.

Strategic Opportunities and Future Directions

Strategic Roadmap

• Service Expansion: Introducing additional services such as equipment financing and extended warranties.

• Geographical Expansion: Entering new international markets to broaden the customer base.

• Technology Enhancement: Investing in AI and machine learning to further optimize equipment matching and logistics processes.

Future Business Directions

• Diversification: Exploring opportunities in related sectors such as renewable energy equipment.

• Innovation: Continuing to innovate in equipment lifecycle management to provide comprehensive solutions to customers.

Contact Information

• Official Website: moov.co

• Social Media: Twitter, Facebook, LinkedIn

• Headquarters: San Francisco, United States