Motive
About this raise
Motive, with a valuation of $11 million, is raising funds on Wefunder. The company has developed a platform that collects and aggregates live buyer motive data in real-time. The platform uses AI to help businesses in their sales prospecting journey and identifies qualified buyers autonomously and 80% faster than the competitors. Motive offers data-decay solutions and provides an enriched database to clients to create targeted and high-converting sales campaigns. Bobby Hill and Henry Lihn founded Motive in August 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for the product development team, growth team, and legal and IP expenses.
Investment Overview
Invested : $75,843
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/02/2022
- Close Date
- 12/31/2022
$50,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$10,000,000
$11,000,000
10%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Marketing & Advertising
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +177% YoY
- $671,990
- Monthly Burn
- $46,743
-
Runway
- 0.1 months
- Gross Margin
- 40%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,070,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2022 | Wefunder | $11,000,000 | $75,843 | SAFE | Funded | RegCF |
