Motive

Early Stage

Data-decay solutions | AI to help businesses in their sales prospecting journey

Overview

Raised to Date: Raised: $75,843

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/02/2022

Close Date

12/31/2022

Min. Goal

$50,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$11,000,000

Discount Rate

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/01/2023

Days Remaining
Funded
% of Min. Goal

152%

% of Max. Goal

6%

Likelihood of Max
Funded
Avg. Daily Raise

$1,285

# of Investors

24

Momentum
Funded
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Location

Wayne, Pennsylvania

Industry

Marketing & Advertising

Tech Sector

AdTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$671,990

$242,735

COGS

$403,897

$50,997

Tax

$0

$0

 

 

Net Income

$-560,921

$81,602

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,630

$1,164

Accounts Receivable

$72,532

$0

Total Assets

$76,162

$1,164

Short-Term Debt

$105,409

$51,490

Long-Term Debt

$570,000

$0

Total Liabilities

$675,409

$51,490

Financials as of: 11/02/2022
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Motive on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $11,000,000

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