Motif Investing, a San Mateo, CA-based provider of a newly launched investing platform, closed $6m in Series A funding.
Investors included Norwest Venture Partners, Foundation Capital and new board members.
The company, which emerged today from stealth mode, intends to use the funds to develop its new investment platform and expand the team. Expected to launch in fall 2011, Motif is now accepting beta users.
Led by co-Founder and CEO Hardeep Walia, and CIO Tariq Hilaly, the company aims to provide an alternative to existing investment options enabling customers to invest in ideas.
Sergio Monsalve, Norwest Venture Partners (NVP), and Charles Moldow, General Partner at Foundation Capital, are Motif Investing board members.
FinSMEs
07/07/2011