• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Motifs - Online investment brokers platform to get market insights, investment theme, innovative trends. It aims to help help individuals with an easy, intuitive way to invest in the ideas they believe in. 1) Impact Portfolio: Motif creates automated portfolios that are aligned to the user’s financial goals. 2) Trading Account: A motif is a basket of up to 30 stocks or ETFs intelligently weighted to reflect an investment theme, market insight or innovative trend. The trading account enables users to browse 150+ professionally built motifs or build their own motif, add, remove or modify stocks in the motif if desired and buy them in a single click for just $9.95. 3)IPOs: It enables users to take part in IPOs with as little as $250 or up to the IPO’s maximum plus flexible dollar-amount investing.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Individual Investors, Financial Institutions and Investment Advisors
EXISTING PARTNERSHIPS:
Pacific Life - To Offer New Cause-Driven Investing Products for Millennials J.P. Morgan - To Provide Retail Investors Exclusive Access to IPOs Investor’s Business Daily -To track the performance of the 25 top-ranked companies published every Monday in IBD Ascent Private Capital Management - To serve as the exclusive manager of thematic portfolios for Ascent's advisors. In March 2017, It has partnered with MSCIESG Research that develops a portfolio of investments based on assessments of a company’s performance.
COMMENT
Motif offers custom-made and user-generated funds of up to 30 stocks. Till date, the company has focused on providing retail investors an alternative to exchange-traded funds sold by companies like E*Trade Financial Corp. and Charles Schwab Corp.

PEOPLE

FOUNDERS:
Hardeep Walia
Board Members and Advisors:
John Connors, Charles Moldow, Sergio Monsalve, Denmark West, Amit Shah, Ralph Oelbermann, Wesley Kong
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Goldman Sachs, Norwest Venture Partners - NVP, Ignition Partners, Foundation Capital, Balderton Capital, Wicklow Capital, Northvest venture Capital, Renren Inc., JPMC&Co.
KEY EMPLOYEES:
Hardeep Walia (CEO); Connie Kuhl (COO)
COMMENT:
Hardeep Walia is the Founder and CEO of Motif. He spent more than six years at Microsoft as the General Manager of the company's enterprise services business, and prior to that was a Director of Corporate Development and Strategy and oversaw Microsoft's investments and acquisitions. He started his career at The Boston Consulting Group. He holds a BS in Economics and Engineering from Yale University and an MBA from the Wharton School of Business.

TRACTION

VALUATION / MARKET CAP:
$500 MM in 2015
ACTIVE USERS:
100,000
COMMENT:
Currently, 180000 motifs are built or customised by the company.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$126 Million
FUNDING SERIES:
SERIES A
$6 Millions Closed: Jul 2011
SERIES B
$20 Millions Closed: Jul 2011
SERIES C
$25 Millions Closed: Apr 2013
SERIES D
$35 Millions Closed: May 2014
SERIES E
$40 Millions Closed: Jan 2015
LISTED:
NO

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