Funding round
Motive Series F
Motive, which works in fleet management solutions in San Francisco, raised $150M in a Series F round announced on 25 May 2022, led by Insight Partners and Kleiner Perkins, at a $2.85B post-money valuation. 2 firms took part. It is Motive's fourth venture round on record; the one before was a Series D in Apr 2019.
$150M
Amount raised
$2.85B
Post-money valuation
$2.70B pre-money
2
Investors
2 leads
2.3x
Step-up from the Series D
$1.25B in Apr 2019
5.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Motive at $2.85B after the new money, 2.3 times the $1.25B of its Series D (Apr 2019). The $150M bought investors about 5.3% of the company. It came 37 months after Motive's Series D. It is 9.0% of the $1.67B Motive has raised in the venture rounds on record. Motive raised again 52 months later: a Growth round of $1.30B in Sep 2026.
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 23 Apr 2019, led by Greenoaks Capital $149M$1.25B post-money
- Series F this round 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
Insight Partners and Kleiner Perkins led the round.
Lead investors
- Insight Partners backs 548 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
37 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chainalysis Tech Companies | 12 May 2022 | $170M | $8.60B | GIC |
| Salsify Tech Companies | 13 Apr 2022 | $200M | $2.00B | TPG |
| Devo Tech Companies | 2 Jun 2022 | $100M | $2.00B | Eurazeo |
| Tech Companies | 14 Jun 2022 | $83M | $1.10B | Silver Lake Waterman |
| Contentsquare Tech Companies | 21 Jul 2022 | $600M | $5.60B | Sixth Street |
| Bloomreach Tech Companies | 23 Feb 2022 | $175M | $2.20B | Goldman Sachs Asset Management and Goldman Sachs |
| Highspot Tech Companies | 13 Jan 2022 | $248M | $3.50B | B Capital and D1 Capital Partners |
| Clari Tech Companies | 19 Jan 2022 | $225M | $2.60B | Blackstone |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Motive raise in its Series F round?
Motive raised $150M in its Series F round, announced in May 2022.
Who led Motive's Series F round?
Insight Partners and Kleiner Perkins led it.
What was Motive's valuation at the Series F round?
$2.85B post-money ($2.70B pre-money).
How does it compare with other Series F rounds in Tech Companies?
37 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median.
Did Motive raise again after this round?
Yes: a Growth round in Sep 2026 of $1.30B.