What is Move?
Move Solutions specializes in comprehensive business relocation services, encompassing furniture de/reinstallation and reconfiguration, PC and telephony setup, on-site move project management, and final cleaning services. Established in 1987 as a technology moving company, Move has evolved into a certified woman-owned business and a recipient of the Baylor University Family Business of the Year Award. The company's ownership structure includes a 49% stake held by a Vietnam Veteran, highlighting its diverse background and commitment to veteran support. Its service offerings are designed to streamline the complex process of office and facility transitions for businesses of all sizes.
How much funding has Move raised?
Move has raised a total of $102M across 5 funding rounds:
Series A
$11.3M
Series B
$34M
Series C
$46M
Private Equity
$7.7M
Debt
$3M
Series A (2006): $11.3M with participation from Hummer Winblad Venture Partners and Steamboat Ventures
Series B (2007): $34M led by Hummer Winblad Venture Partners and Steamboat Ventures
Series C (2008): $46M supported by Microsoft, Comcast Ventures, Benchmark Capital, Televisa, Cisco, Hummer Winblad Venture Partners , and Steamboat Ventures
Private Equity (2009): $7.7M, investors not publicly disclosed
Debt (2010): $3M, investors not publicly disclosed
Key Investors in Move
Hummer Winblad Venture Partners
Hummer Winblad Venture Partners is an investment firm focused on early-stage enterprise software companies, providing crucial first institutional capital and ongoing support to help entrepreneurs achieve their visions. The firm is recognized for its deep operational understanding and expertise in software and SaaS, offering pragmatic guidance in product development, team building, and strategic positioning.
Steamboat Ventures
Steamboat Ventures, established in 2000, aims to help young companies ascend to market leadership. They invest in early to growth-stage companies across technology, media, and consumer sectors, dedicating themselves to creating lasting value in each investment through a nurturing and supportive growth approach.
Microsoft
Microsoft Corp. is a global technology leader developing and marketing software and hardware services, including operating systems, server applications, productivity tools, and business solutions. The company operates through segments like Productivity and Business Processes, Intelligent Cloud, and More Personal Computing, and was founded by Bill Gates in 1975.
What's next for Move?
With substantial enterprise-level backing and a recent strategic investment, Move is well-positioned for accelerated expansion and service enhancement. The company's history of securing diverse forms of capital, from venture rounds to private equity and debt, suggests a strategic approach to financing its growth trajectory. Future initiatives are likely to focus on scaling operations, expanding service offerings, and potentially leveraging technology to further optimize relocation processes. The ongoing support from key investors, including those with expertise in enterprise software and technology, indicates a strategic alignment with innovation and market leadership in the business services sector.
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