Movile Funding, Investors & Competitors
Movile has raised $567M across 9 funding rounds, most recently a $193M undisclosed-stage round in August 2021.
About Movile
Movile is a Brazilian technology holding company that built and invested in mobile and internet businesses across Latin America. It began in 1998 as Compera, founded by Fabricio Bloisi and Fabio Povoa in Campinas, merged with nTime in 2007 and took the Movile name in 2010. Naspers, now Prosus, became a shareholder in 2008 and later its largest shareholder, owning about 94 percent by 2023. The group controlled the iFood food delivery platform and held stakes in or sold companies such as PlayKids, Wavy, Sympla, Zoop, Moova, a55, Mensajeros Urbanos and Maplink. It raised venture and growth rounds from Naspers, Innova Capital and Prosus between 2014 and 2021, including a BRL 1 billion investment from Prosus in August 2021. It held 100 percent of iFood after buying Just Eat's 33.3 percent stake in 2022, and in April 2023 iFood absorbed Movile's operations, leaving a small team and a portfolio of minority holdings expected to be sold.
Founded
1998
HQ
São PauloWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Investment management
Movile Funding History
Movile has raised a total of $567M across 9 funding rounds.
Movile's first fundraising round was a Series B in April 2008. The most recent completed round was a $193M undisclosed-stage round in August 2021.
Movile funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2021 | Undisclosed stage | Prosus Ventures (lead) | $193M | Movile, a Brazilian tech company focused on logistics, fintechs, and games, and owner of iFood, received its largest investment of approximately $190-200 million from long-time investor Prosus (part of Naspers) in a Corporate Minority round on August 2, 2021. This funding, the biggest in company history, aimed to expand operations in Latin America, including investments in fintechs like MovilePay and Zoop, and logistics such as Colombian firm Mensajeros Urbanos. Prosus has backed Movile since 2008, with prior rounds including BRL 480 million alongside Innova Capital in 2018. Over the prior three years leading to 2021, Movile reported average annual revenue growth of 80% and employed over 5,000 people globally. Prosus financials reference Movile's performance excluding Food Delivery, noting 55% organic revenue growth in FY22 driven by fintech (Zoop, MovilePay) and gaming (Afterverse), but with a 39% nominal decline due to Wavy disposal; FY21 figures show revenue of $203 million and trading loss of $(69) million on an economic-interest basis. Movile's broader portfolio includes over 30 deals in recent years, with focus shifting post-round to high-growth areas. |
| Jul 2018 | Series I | Prosus (lead); Innova Capital; Naspers | $124M | Movile raised US$124 million on 12 July 2018 in a round led by Naspers, with Innova Capital also contributing. The round combined primary and secondary transactions, and the individual amounts were not published. With it, Movile reported having raised more than US$375 million in total. In November 2018 the company said that its own US$100 million contribution to iFood came from this US$124 million investment by the same shareholders, forming part of a US$500 million funding of the food delivery platform. Movile is a Brazilian mobile commerce group whose holdings span food delivery, logistics, ticketing, games and education in Latin America, with iFood its largest business. Naspers has been a strategic partner and shareholder since 2008, and Innova Capital has invested alongside it since the 2014 Series D. |
| Dec 2017 | Series H | Innova Capital (lead); Prosus (lead) | $82M | Naspers and Innova Capital invested US$82 million in Movile in a financing reported on 7 December 2017, with the money completed in November of that year. LAVCA reported that the capital was mainly intended to increase Movile's stake in iFood, the Latin American food delivery business. The investment brought the total Movile had received from investors to more than US$250 million. It followed the US$53 million raised from the same two investors in June 2017. Movile's CEO said the group would keep investing to scale iFood's technology platform and accelerate product development. As of September 2017 iFood had reached 6.2 million monthly orders and was the largest food delivery company in Latin America. Movile also ran businesses in logistics, ticketing, online games and education alongside its holding in iFood. |
| Jun 2017 | Series G | Prosus (lead); Innova Capital | $53M | Movile announced on 29 June 2017 that it had raised US$53 million in funding from Naspers and Innova Capital. The money was secured in two tranches: US$23 million invested in the preceding months and a further US$30 million more recently, in a tranche led by Naspers. Naspers had been a shareholder since 2008 and had led the US$40 million Series F in June 2016, with Innova Capital also taking part. The funding was labelled a Series G, following the Series D of 2014, the Series E of 2015 and the Series F of 2016. Movile is a Brazilian mobile commerce group that operates apps and services in food delivery, logistics, ticketing, children's entertainment and education across Latin America. In December 2017 Naspers and Innova Capital added a further US$82 million, mainly to increase Movile's stake in the iFood delivery platform. |
| Jun 2016 | Series F | Prosus (lead); Innova Capital | $40M | Movile, Latin America's leading mobile commerce platform, raised US$40 million in its Series F funding round on June 28, 2016, led by Naspers (now Prosus) through its Naspers Ventures division, with participation from Innova Capital. Naspers has been a strategic partner and majority shareholder since 2008. The funding was intended to support product and geographic expansion, accelerate growth of its suite of apps and services in Latin America, and enter the ticketing industry via a $3 million investment in Sympla. At the time, more than 70 million people used Movile’s mobile products and services monthly. Over the prior three years, Movile had invested over $100 million to build mobile commerce apps in delivery, logistics, and streaming media. The company was praised for its solid business underpinnings, synergies across brands, and focus on profitable operations. This followed a Series E round of $40 million also from Naspers and Innova Capital in mid-2015, and preceded a Series G round of $53 million from the same investors in 2017. Movile's portfolio included expansions like iFood acquisitions, PlayKids international rollout, and investments in logistics and ticketing platforms. |
| Apr 2015 | Series E | Prosus (lead); Innova Capital | $40M | Movile, a Brazilian tech investment group focused on mobile platforms, raised $40 million in Series E funding in mid-2015 from Naspers (now Prosus) and Innova Capital. This followed prior rounds including a $55 million Series D in 2014 from Innova Capital, Jorge Paulo Lemann, and FINEP. The funds supported expansions such as investments in iFood ($50 million alongside Just Eat) and PlayKids ($15 million for China and Japan). Movile used proceeds for acquisitions like Rapiddo, ChefTime, FreshTime, and stakes in LBS Local (Apontador, MapLink, Cinepapaya) and TruckPad. Prosus (Naspers) has been Movile's largest investor since 2008, with subsequent rounds including $40 million Series F and $53 million Series G in 2016-2017 from Naspers and Innova Capital. |
| Aug 2014 | Series D | Innova Capital (lead); Prosus; Jorge Paulo Lemann | $35M | Movile, a Brazilian mobile commerce platform pioneering online-to-offline (O2O) services, raised $55 million in its Series D funding round announced around August 7, 2014. Innova Capital led with $35 million, joined by existing investor Naspers, and the company secured an additional $20 million in long-term financing from FINEP, Brazil's Funding Authority for Studies and Projects. The funds were intended to accelerate innovation, growth, and acquisitions to build Latin America's definitive platform for mobile O2O commerce, including investments in apps like iFood and acquisitions such as Rapiddo, ChefTime, FreshTime, and stakes in LBS Local (owners of Apontador, MapLink, Cinepapaya, TruckPad). CEO Fabricio Bloisi highlighted Movile's decade-long leadership in Latin American mobile technology amid explosive mobile growth in Brazil. Innova Capital, a growth equity fund focused on innovative tech companies, appointed a board member to Movile, bringing expertise from successful regional investments like Patagon and Mercado Libre. Movile had evolved from a digital content studio into a mobile services empire, emphasizing aggressive M&A and rapid experimentation with business units tailored to Latin American consumers. The round supported expansion in delivery, logistics, streaming, and emerging sectors like ticketing. Later developments included a 2016 Series F raise of $40 million from Naspers and Innova Capital, and significant growth in subsidiaries like iFood, which attracted a $400 million investment in 2018. |
| Mar 2010 | Series C | Naspers (lead) | - | Naspers took part in Movile's Series C round in 2010, its second investment in the company after the Series B of 2008. Funding coverage states that Naspers invested in both rounds and that the size of neither was disclosed. The round came as the company, formerly Compera nTime, was renamed Movile in April 2010 and widened its focus from Brazil to the rest of Latin America. Naspers went on to provide the US$40 million Series E in 2015 and to lead later rounds, becoming Movile's largest investor. |
| Apr 2008 | Series B | Naspers (lead) | - | Naspers invested in Movile in 2008, when the company was still operating as Compera nTime, in what later funding coverage describes as its Series B round. The South African media group, through its MIH Holdings unit, took over the interest that the Brazilian investment firm Rio Bravo had held in the company and became a minority shareholder. Compera had merged with the Rio de Janeiro mobile services company nTime to form Compera nTime, which reported initial revenue of R$ 15 million in 2008. Naspers has remained the company's strategic partner and, later through Prosus, its largest shareholder, and the business was renamed Movile in April 2010 as it expanded across Latin America. |
Who has invested in Movile?
5 investors have backed Movile across its funding rounds, including Prosus, Innova Capital, Naspers, Prosus Ventures and Jorge Paulo Lemann.
Lead investors include Prosus Ventures, Prosus, Innova Capital and Naspers.
Movile Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Sao Paulo | 6 | Lead | Aug 2014 | |
 Amsterdam | 6 | Lead | Aug 2014 | |
 Cape Town | 3 | Lead | Apr 2008 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Movile
Movile has acquired 1 company to date.
Last acquisition by Movile was on March 25th 2009. Movile acquired Yavox for undisclosed valuation.
Latest Acquisitions by Movile
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Yavox | |
| Description | Yavox is a Brazilian mobile messaging integrator that connected content providers and companies to cellular operators. It offered a broad range of SMS services that reach users with any type of mobile phone, and its president and partner was Andreas Blazoudakis. The company was one of the largest integrators and aggregators of mobile content in Brazil at the time it joined Compera nTime. Its customers sent messages through its operator connections for uses such as voting and marketing campaigns. Compera nTime, in contrast, was stronger in products for high-end phones such as video and music. After the transaction Yavox became a wholly owned subsidiary and its brand was adjusted over the first half of 2009 as the two businesses combined. |
| HQ Country | |
| HQ City | São Paulo |
| Deal Date | 25 Mar 2009 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
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Investments by Movile
Movile has invested in 12 companies to date.
Latest investment by Movile was on June 14th 2022. Movile invested in Moova in their $10M Series A round.
Latest Investments by Movile
| a55 | |||||
| Description | Moova is an Argentine logistics technology company that sells last-mile delivery software and delivery capacity to retailers, e-commerce sellers and courier fleets. It was founded in 2018 in Buenos Aires by Antonio Migliore and Marcos Detry, and its first shipment took place in March 2019. The platform aggregates logistics companies that register their fleets, so that idle capacity can be used for urban deliveries, and it also licenses its software to logistics providers for route planning, tracking and traceability. The company says it operates in more than ten countries, has completed more than 15 million deliveries for over 400 clients and has no owned vehicles. Its software unit has grown from 4 percent of the business in 2023 to about 30 percent in 2025. It entered Europe in 2025 by buying the Barcelona software company Vonzu. Backers include Toyota Tsusho, FJ Labs, Wayra and Alaya Capital. | a55 is a São Paulo-headquartered fintech company founded in 2017 that powers revenue-based financing for small and medium-sized enterprises across Brazil. Its underwriting platform aggregates data from bank accounts, escrow providers, billing systems, payment gateways, and credit bureaus to assess creditworthiness through transactional analysis. Borrowers access personalized dashboards tracking credit status, revenue trends, expense metrics, and automated cash flow covenants. Lenders receive continuous real-time feeds of financial data for ongoing portfolio oversight. The technology supports dynamic credit lines tied to recurring revenue streams, enabling faster approvals and reduced risk for partnering banks and non-bank financiers. | Instaleap develops fulfillment and delivery software for retailers entering e-commerce. Miami-headquartered, it powers dark stores and micro-fulfillment centers for clients including Walmart, Falabella, and HEB in Latin America and the US. The platform optimizes picking, packing, routing, and last-mile delivery to achieve same-day service levels across grocery and general merchandise categories. | Zoop is a Brazilian financial technology company that provides white-label payments, banking-as-a-service and credit tools so businesses can offer financial services under their own brands. It was founded in 2013 and received investments from Movile, the holding behind iFood, from 2018, along with Qualcomm Ventures, Avalancha Ventures and Darwin Capital. In June 2024 iFood bought the remaining 20% of the company, which became part of the iFood Pago group while continuing to serve outside customers as a separate company. The company reported revenue of about R$283 million in its latest cycle before the acquisition and net operating revenue of R$887 million in 2025. Its Tap to Pay product turns a phone into a card terminal and processed more than 21 million transactions in 2025. | |
| HQ Country |  | |  | | |
| HQ City | Buenos Aires | - | Bogotá | Osasco | |
| Deal Date | 14 Jun 2022 | 14 Jan 2022 | 1 Oct 2021 | 30 Jun 2021 | |
| Round | Series A | Series B | Pre-seed | Series B | |
| Raised | $10M | $17M | $800K | $34M | |
| Investors | Alaya Capital; Cosmen Family Office; Reflect Ventures; MatterScale Ventures; FJ Labs; Murchison Ventures; Wayra; Catalizadores; iThink VC; TASA Logistica; Kalei Ventures; Parser; Insud Pharma | Mouro Capital | Axon Partners; Grupo Pegasus; Alpha4 Ventures | - | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Movile Competitors
Movile competitors include listed companies like Recruit Holdings, Uber, DoorDash and Prosus, and private ones like Rappi and Fever.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Japan | Publicly listed | $23B | $3.9B | $158B | 6.5x | |
 United States | Publicly listed | $52B | $6.2B | $136B | 2.5x | |
| United States | Publicly listed | $14B | $1.5B | $83B | 4.4x | |
| Netherlands | Publicly listed | $9.7B | $1.1B | $80B | 7.3x | |
| Bogotá | Private | - | - | $5.3B | - | |
 Madrid | Private | - | - | $5.2B | - |
Movile Public Comps
Movile is still privately-owned, but its public comps include Amazon, Alibaba Group, Recruit Holdings, Uber, Pinduoduo, Booking Holdings, Airbnb, MercadoLibre, DoorDash and Prosus.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
 Amazon | $717B | $161B | 3.8x | 3.4x | 17.1x | 13.2x | ||
| $154B | $15B | 1.5x | 1.5x | 16.0x | 11.2x | |||
| $23B | $3.9B | 7.0x | 6.5x | 41.8x | 26.4x | |||
| $52B | $6.2B | 2.8x | 2.5x | 23.0x | 13.1x | |||
| $65B | $15B | 0.7x | 0.7x | 3.1x | 2.8x | |||
| $27B | $8.3B | 4.3x | 4.0x | 13.8x | 10.7x | |||
| $12B | $2.4B | 7.1x | 6.3x | 35.9x | 17.7x | |||
| $29B | $3.7B | 3.1x | 2.3x | 24.4x | 22.3x | |||
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Common questions about Movile
| When was Movile founded? | Movile was founded in 1998. |
| Where is Movile headquartered? | Movile is headquartered in São Paulo, Brazil. |
| Is Movile publicly listed? | No, Movile is a private, VC-backed company. |
| How much funding has Movile raised? | Movile has raised $567M across 9 funding rounds. |
| What was Movile's last funding round? | Movile's last funding round was a $193M undisclosed-stage round in August 2021, led by Prosus Ventures. |
| Who are Movile's investors? | Movile's investors include Innova Capital, Prosus, Naspers, Jorge Paulo Lemann and Prosus Ventures. |
| Which companies are comparable to Movile? | Companies comparable to Movile include Recruit Holdings, Uber, DoorDash, Prosus, Rappi and Fever. |
| How many companies has Movile acquired? | Movile has acquired 1 company, including Yavox. |
| How many companies has Movile invested in? | Movile has invested in 12 companies, including Moova, a55, Instaleap, Zoop, Mensajeros Urbanos, iFood, Mercadoni and Sympla. |
| What was Movile's last investment? | In June 2022, Movile invested in Moova's $10M Series A alongside Alaya Capital, Cosmen Family Office, Reflect Ventures and 10 other investors. |
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