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Investor Demand Drives Oversubscribed $2.5 Million Round for MOVA’s Poultry Productivity Technology
Proceeds will fund expanded field trials, R&D, and early commercial deployment.
PULASKI, Va. — MOVA Technologies today announced the closing of an oversubscribed $2.5 million seed extension round, surpassing its initial $2 million target amid strong investor demand. The round builds on funding secured since MOVA’s 2022 strategic pivot to poultry, marked by the appointment of John Schott as CEO. In total, MOVA has raised $3.6 million in seed capital and secured nearly $1 million in non-dilutive grants to support development of the FEATHER™ poultry productivity platform.
Proceeds from the round will support expanded field trials, continued R&D focused on performance and economic optimization, and operational readiness for early commercial deployment.
“Our ability to raise capital beyond our initial target reflects both the strength of our technology and the magnitude of the opportunity within the poultry market,” said Steve Critchfield, Founder and Chairman of MOVA.
“We are currently conducting our second system-level field trial with a leading poultry producer, and we are seeing strong inbound interest from other poultry producers as we plan additional trials,” said John Schott, CEO of MOVA.
About MOVA Technologies:
MOVA Technologies is an AgTech company developing precision agriculture solutions to improve performance and efficiency in poultry production. The company’s FEATHER™ platform combines advanced ammonia filtration with real-time monitoring and analytics to improve flock productivity, manage airborne contaminants, and increase profitability for poultry producers.
