Funding round
Motional Seed
Motional, which works in autonomous vehicle technology development in Boston, raised $3.6M in a Seed round announced on 28 Jan 2016, led by Signal Ventures. 3 firms took part, with 1 individual investor. It is Motional's first venture round on record.
$3.6M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Motional did not disclose a valuation in this round. It is under 1% of the $479M Motional has raised in the venture rounds on record. Motional raised again 100 months later: a Growth round of $475M in May 2024.
Motional's funding rounds
Motional has 2 venture rounds on record. This one is highlighted.
- Seed this round 28 Jan 2016, led by Signal Ventures $3.6M
- Growth 1 May 2024, led by Hyundai Motor Group $475M
Investors
Who put money in
Signal Ventures led the round with 2 other firms.
Lead investor
- backs 9 venture-backed companies new investor
Also in the round
- Samsung Venture Investment backs 126 venture-backed companies new investor
- backs 32 venture-backed companies new investor
Individual investors: Dr. Steven LaValle. Joined the board: Chris Thomas (Fontinalis Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 1 Jan 2016 | $6.0M | not disclosed | not named |
| Plant Nurseries & Stores | 28 Jan 2016 | $5.0M | not disclosed | not named |
| LifeMine Biotechnology | 12 Jan 2016 | $5.0M | not disclosed | WuXi Healthcare Ventures |
| Watches & Jewelry Stores | 8 Jan 2016 | $5.0M | not disclosed | not named |
| Fertility, Birth & Maternity Services | 1 Jan 2016 | $4.0M | not disclosed | BlueRun Ventures |
| Tech Companies | 28 Jan 2016 | $4.0M | not disclosed | not named |
| Tech Companies | 1 Jan 2016 | $4.0M | not disclosed | not named |
| Tech Companies | 1 Jan 2016 | $3.8M | $13M | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Motional raise in its Seed round?
Motional raised $3.6M in its Seed round, announced in Jan 2016.
Who led Motional's Seed round?
Signal Ventures led it, with Samsung Venture Investment and Fontinalis.
What was Motional's valuation at the Seed round?
It was not disclosed.
Did Motional raise again after this round?
Yes: a Growth round in May 2024 of $475M.