Funding round
Motive Series D
Motive, which works in fleet management solutions in San Francisco, raised $149M in a Series D round announced on 23 Apr 2019, led by Greenoaks Capital, at a $1.25B post-money valuation. 5 firms took part. It is Motive's third venture round on record; the one before was a Series C in Mar 2018.
$149M
Amount raised
$1.25B
Post-money valuation
5
Investors
1 lead
2.5x
Step-up from the Series C
$500M in Mar 2018
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Motive at $1.25B after the new money, 2.5 times the $500M of its Series C (Mar 2018). The $149M bought investors about 12% of the company. It came 13 months after Motive's Series C. It is 8.9% of the $1.67B Motive has raised in the venture rounds on record. Motive raised again 37 months later: a Series F round of $150M in May 2022, at $2.85B post-money.
Motive's funding rounds
Motive has 5 venture rounds on record. This one is highlighted.
- Series B 19 May 2017, led by Scale Venture Partners $18M$65M post-money
- Series C 20 Mar 2018, led by Institutional Venture Partners $50M$500M post-money
- Series D this round 23 Apr 2019, led by Greenoaks Capital $149M$1.25B post-money
- Series F 25 May 2022, led by Insight Partners and Kleiner Perkins $150M$2.85B post-money
- Growth 10 Sep 2026, led by General Catalyst $1.30B
Investors
Who put money in
Greenoaks Capital led the round with 4 other firms.
Lead investor
- Greenoaks Capital new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- backs 96 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
109 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 3.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Apr 2019 | $175M | $1.50B | Accel and GV |
| Tech Companies | 25 Apr 2019 | $70M | $600M | Insight Partners |
| Tech Companies | 17 Apr 2019 | $27M | not disclosed | Viola Group |
| Tech Companies | 15 Apr 2019 | $27M | not disclosed | Blue Cloud Ventures |
| Tech Companies | 1 Apr 2019 | $26M | not disclosed | Aptiv |
| Tech Companies | 9 Apr 2019 | $23M | not disclosed | Relay Ventures |
| Megvii Tech Companies | 8 May 2019 | $750M | $4.00B | Bank of China Group Investment |
| Tech Companies | 14 May 2019 | $410M | not disclosed | Vector Capital |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Motive raise in its Series D round?
Motive raised $149M in its Series D round, announced in Apr 2019.
Who led Motive's Series D round?
Greenoaks Capital led it, with GV, Index Ventures, Institutional Venture Partners and Scale Venture Partners.
What was Motive's valuation at the Series D round?
$1.25B post-money.
How does it compare with other Series D rounds in Tech Companies?
109 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 3.0 times the median.
Did Motive raise again after this round?
Yes: a Series F round in May 2022 of $150M at $2.85B post-money.