Moov, a data-fueled marketplace for used manufacturing equipment, has closed a $41 million Series A funding round led by Tiger Global. Investors joining the round include public semiconductor investor Gavin Baker of Atreides Management, Valor Equity Partners, Avenir Growth Fund, and existing investors.

The company will also hire executives, invest in research and development, and also continue to strategically purchase more inventory. Zhou says that Moov is working to help alleviate local shortages and that the company is able to reduce the lead time for companies to purchase equipment from months, down to days or hours.

Moov, An Online Marketplace For Used Manufacturing Equipment, Raises $41M From Tiger Global And Others

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Moov, An Online Marketplace For Used Manufacturing Equipment, Raises $41M From Tiger Global And Others

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