Gunderson Dettmer Represents Valor Capital in Kovi Acquisition by Moove

Gunderson Dettmer represented client Valor Capital as a selling shareholder of Kovi, a Brazilian urban mobility provider, in its acquisition by Moove, an Africa-born mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers across six continents.

The acquisition of the São Paulo-based Kovi marks a significant step toward Moove’s goal of building the world’s largest rideshare fleet. Moove will keep the Kovi brand operating in its existing markets, Brazil and Mexico, but there are plans to expand further across Latin America. The all-share transaction makes Kovi’s investors shareholders in Moove, aligning their growth trajectories. 

The Gunderson Dettmer team was led by Brian Hutchings and included Jace Clegg.

Companies
Valor Capital
Kovi
Moove