Moab

Moab, a software company focused on building the operating system for equipment rental and dealership businesses, has raised $16 million in funding through seed and series A rounds. The funding, led by Elad Gil and Ironspring Ventures, aims to address the outdated software systems in the industry. Moab is projected to manage over $2.5 billion in transaction volume annually and oversees more than $4 billion in fleet assets. The company plans to invest in product development and expand its teams.