VC firm Equity Venture Partners has led a funding round for Mooven, a startup that offers infrastructure delivery solutions while minimizing disruption to local communities. The round was also supported by Five Ventures Investment. The funds raised will be used to expand Mooven’s teams in Australia and New Zealand, as well as prepare for the company’s expansion into the United States.
Mooven provides construction teams, project managers, and governments with a platform that enables them to accelerate infrastructure delivery. The platform utilizes data-backed insights to provide real-time information on the impacts of construction work, including traffic congestion, dust, and noise pollution.
The startup has experienced significant growth, with its revenue doubling in the past year. It boasts an impressive client base, including major construction firms like LendLease, Acciona, and Downer. More than half of the top 50 construction companies in the region are Mooven’s customers. The company claims that it can reduce project delivery times by up to 50%.
Downer’s maintenance manager, Oliver Fradley, praised Mooven’s software platform, stating that it has transformed the way they work by enabling evidence-based decisions, real-time disruption management, and improved efficiency. Fradley believes that these advancements have helped Downer deliver better outcomes to the communities they serve.
Micah Gabriels, the co-founder and CEO of Mooven, anticipates significant growth for the company over the next two years. He expects the company to more than triple in size and expand its global team. Gabriels expressed excitement about the opportunities in the United States, where the condition of physical infrastructure has been graded as D+ by the American Society of Civil Engineers. He highlighted that traffic congestion alone costs the U.S. economy over US$120 billion per year.
Mooven was co-founded in 2018 by Micah Gabriels and Paul McDonnell. The two entrepreneurs acquired a traffic data product from their former employer, New Zealand marketing company Qrious, and transformed it into their software-as-a-service platform.
