Motive
Early Stage
Data-decay solutions | AI to help businesses in their sales prospecting journey
Overview
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
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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