About MVMNT
MVMNT is a company based in Chicago (United States) founded in 2020. It operates as a SaaS (Software-as-a-Service). MVMNT has raised $20 million across 1 funding round from investors including Andreessen Horowitz, Equal Ventures and Abstract Ventures. MVMNT offers products and services including MVMNT TMS and RateLens AI. MVMNT operates in a competitive market with competitors including LogiNext, Freight Tiger, Logospot, Transporeon and Shipwell, among others.
- Headquarter Chicago, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name The Mvmnt Group Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 1 rounds
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Latest Funding Round
$20 M (USD), Series A
Oct 05, 2022
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Investors
Andreessen Horowitz
& 3 more
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Employee Count
Employee Count
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Products & Services of MVMNT
MVMNT offers a comprehensive portfolio of products and services, including MVMNT TMS and RateLens AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform automating freight brokerage workflows efficiently.
AI tool for accurate market rate comparisons.
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Funding Insights of MVMNT
MVMNT has successfully raised a total of $20M through 1 strategic funding round. The most recent funding activity was a Series A round of $20 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $20.0M
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First Round
First Round
(05 Oct 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series A - MVMNT | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MVMNT
MVMNT has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Andreessen Horowitz, Equal Ventures and Abstract Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Equal Ventures is focused on investing in technology for legacy industries.
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Founded Year | Domain | Location | |
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Early-stage startups are invested in by sector-agnostic VC firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MVMNT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MVMNT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mvmnt Comparisons
Competitors of MVMNT
MVMNT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LogiNext, Freight Tiger, Logospot, Transporeon and Shipwell, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based AI platform for transportation management and optimization is provided.
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| domain | founded_year | HQ Location |
Freight and logistics are managed via web-based platform.
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| domain | founded_year | HQ Location |
SaaS-based transport management solutions are provided by LogiSpot.
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| domain | founded_year | HQ Location |
Cloud-based transport management solutions are provided for logistics enterprises.
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| domain | founded_year | HQ Location |
Online booking platform for freight transportation
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| domain | founded_year | HQ Location |
Transportation management systems are provided for third-party logistics firms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mvmnt
Frequently Asked Questions about MVMNT
When was MVMNT founded?
MVMNT was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is MVMNT located?
MVMNT is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is MVMNT a funded company?
MVMNT is a funded company, having raised a total of $20M across 1 funding round to date. The company's 1st funding round was a Series A of $20M, raised on Oct 05, 2022.
What does MVMNT do?
A cloud-based transportation management system is offered by MVMNT to streamline freight brokerage operations. Workflow automation is enabled through features like AI quoting, carrier sourcing, and integrations with over 20 tools. The logistics sector is primarily served, focusing on scalability and efficiency. Real-time two-way integrations and intuitive design are emphasized to reduce manual tasks. Solutions are built on decades of brokerage and software expertise.
Who are the top competitors of MVMNT?
MVMNT's top competitors include LogiNext, Freight Tiger and Vector.
What products or services does MVMNT offer?
MVMNT offers MVMNT TMS and RateLens AI.
Who are MVMNT's investors?
MVMNT has 4 investors. Key investors include Andreessen Horowitz, Equal Ventures, Abstract Ventures, and M25.