Moov Technologies Inc.

Based in California, US and founded in 2018 by Steven Zhou and Maxam Yeung, Moov Technologies operates as an online marketplace that sells used semiconductor manufacturing parts and equipment. The platform matches buyers and sellers of pre-owned semiconductor manufacturing equipment across more than 55 countries. In March 2021, Moov Technologies Inc. raised USD 2 million in seed funding led by NFX, with participation from Tencent co-founder Jason Zeng's Decent Capital, David Adelman's Darco Capital, Great Oaks Venture Capital, and angel investors.

The round was part of a larger USD 4. 4 million Seed funding. The company provides a digital platform where one can sell and buy a different range of products including semiconductor fabrication, ATE, EMS and SMT equipment, packaging, test equipment and various other used, idle, surplus and scrap tools. Moov Technologies also provide door-to-door logistic service, including live shipment tracking, logistic team support, De-install, Rigging, Crating, Shipping, installation and refurbishment.

Additionally, the company’s platform integrates offerings, such as asset management, logistics, payments and other add-on services. The company plans to use its proceeds from March 2021 to increase its employee count to 50 by the end of 2021 and further expand into Asia.