Last year, reports indicated that Moove, a vehicle financing startup that serves Nigerian drivers, led by British-Nigerian entrepreneur Ladi Delano, was gunning for the seemingly elusive unicorn status.
After raising $250 million in a Series C round, augmenting the company’s valuation to $2.1 billion, Moove has cemented itself as Africa’s latest unicorn.
As seen on Condia, the funding was led by Mubadala Investment Company, alongside Woven Capital, Toyota's growth fund, and Ion Pacific.
Together with existing investors including BlackRock, MUFG, Franklin Templeton, and Uber, new participation was secured from BlueCrest Capital Management, Sona Asset Management, and The Raptor Group.
The allocated capital will be utilized to expand Moove's autonomous vehicle division.
