Moove raises $250M Series C, hits $2.1B valuation as Africa's top 2026 round

Moove, a Nigerian‑founded mobility technology company, announced on August 5 2026 that it closed a $250 million Series C funding round, pushing its valuation to $2.1 billion and securing unicorn status. The round was led by Mubadala Investment Company, co‑led by Woven Capital (Toyota’s Growth Fund) and Ion Pacific, with new investors BlueCrest Capital Management, Sona Asset Management and The Raptor Group joining existing backers such as BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Silverbacks Holdings, Square Associates, The Latest Ventures, Endeavor Catalyst and the Ontario Power Generation Pension Plan.

For Nigerians, this milestone shows that home‑grown tech firms can attract world‑class capital and reach billion‑dollar valuations, reinforcing confidence in the local mobility‑fintech sector and potentially spurring more venture funding and job creation in Lagos and beyond.

What should you know? This is the largest single funding round announced for an African startup in 2026 so far. Keep an eye on Moove’s expansion plans—especially in vehicle financing and fleet management—as they may create partnership or employment opportunities. If you’re an entrepreneur or investor, note the strong interest from sovereign wealth funds, corporate venturing arms and institutional investors in African‑focused mobility solutions.

SOURCE: https://nairametrics.com/2026/08/05/moove-becomes-africas-latest-unicorn-after-250-million-funding/