Total amount raised
$30 Millions
Latest funding date
September, 2024
Location
Motion has successfully raised significant capital through multiple funding rounds, including a Series C round that brought in $36,490,025. The platform specializes in AI-driven time management solutions, offering real-time interventions and analytics to enhance productivity.
Keep reading to delve into the details of Motion's fundraising journey and discover the key investors supporting this innovative platform.
What Is Motion?
Founded on March 1, 2019, Motion is an AI-driven time management platform based in San Francisco, California. The company was established by Ethan Yu, Harry Qi, and Omid Rooholfada.
Motion specializes in providing real-time interventions, reminders, and analytics to help users manage their time effectively. The platform includes features like calendar integration, tab management, and focus tools to minimize distractions.
With a team of 11-50 employees, Motion continues to innovate in the realm of productivity and time management, aiming to enhance the efficiency of its users.
How Much Funding Has Motion Raised?
- Seed Round
- Amount Raised: $150,000
- Date: March 2020
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and validate the market need for AI-driven time management solutions.
- Series A
- Amount Raised: $13,000,000
- Date: September 2022
- Lead Investors: SignalFire
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in product and engineering, particularly to improve the task planning automation algorithm.
- Series B
- Amount Raised: $13,927,916
- Date: May 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand market reach.
- Series C
- Amount Raised: $36,490,025
- Date: June 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance AI capabilities and expand globally.
In total, Motion has raised $63,567,941. The current valuation is not publicly disclosed.
Key Investors
- SignalFire
- Details: SignalFire is a venture capital firm known for its data-driven approach to investing. They leverage proprietary technology to identify and support high-potential startups.
- Investment Focus Areas: Technology startups, AI, productivity tools
- Notable Investments: Grammarly, Ro, Frame.io
- 468 Capital
- Details: 468 Capital is a venture capital firm that invests in early-stage technology companies. They focus on disruptive innovations that have the potential to transform industries.
- Investment Focus Areas: Early-stage technology companies, disruptive innovations
- Notable Investments: Deel, Vanta, Luminar
- Sam Altman
- Details: Sam Altman is an angel investor and entrepreneur, known for his role as the former president of Y Combinator and CEO of OpenAI. He has a strong track record of investing in successful tech startups.
- Investment Focus Areas: Technology startups, AI, productivity tools
- Notable Investments: OpenAI, Reddit, Stripe
- Michael Seibel
- Details: Michael Seibel is an angel investor and a partner at Y Combinator. He has been instrumental in mentoring and funding numerous successful startups.
- Investment Focus Areas: Technology startups, productivity tools, software
- Notable Investments: Dropbox, Airbnb, Reddit
- Cyrus Mistry
- Details: Cyrus Mistry is an angel investor and the early product lead for Google Calendar. His expertise in productivity tools has been valuable to many startups.
- Investment Focus Areas: Productivity tools, software, AI
- Notable Investments: Early involvement in Google Calendar
What's Next for Motion?
Motion stands at the cusp of a significant opportunity to revolutionize team project management through automation. With a focus on enhancing their task planning algorithms and integrating various productivity tools into a single, comprehensive solution, the potential market is vast. The company believes that increasing human output without additional input represents a trillion-dollar market, positioning Motion for substantial growth.
Future fundraising efforts will likely be necessary to support aggressive hiring and product development. However, challenges such as personalizing schedules while maintaining performance and efficiency, and competing with established tools like Monday and Clickup, could pose hurdles. Despite these challenges, Motion's innovative approach and strong investor backing suggest a promising path forward.
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