Motif Valuation, Funding & Investors

Motif is valued at $2M as of January 2024.

See full Motif profile

Last Motif valuation

$2M

Pre-seed · Jan 2024

Last Motif funding round

$200K

Pre-seed · Jan 2024

Cumulative funding Motif raised

$344M

across 6 funding rounds

Key investors in Motif

  • Ash Ome
  • Alumni Ventures
  • General Atlantic
  • BlackRock
  • Breakthrough Energy Ventures
  • Viking Global Investors

Motif Overview

About Motif

Motif is a Chicago-headquartered biotech firm engineering plant cells via precision fermentation to produce animal-free proteins for meat analogs. Its platform replicates casein and gelatin textures for dairy and confectionery applications sold to CPG brands like Nestlé. Bioprocessing services enable partners to scale from lab fermenters to 10,000-liter tanks.


Founded

2019

HQ

United StatesBoston, MA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$2M (Jan 2024)

Motif Valuation

Motif is currently valued at $2M, based on its pre-seed round in January 2024.

The $200K round was led by Ash Ome.

Motif's valuation has moved from $220M at its Series A in February 2019 to $2M in January 2024, across 5 priced rounds.

Motif valuation by funding round

Motif valuation by funding round
DateStageValuation
Jan 2024Pre-seed$2M
Jun 2021Series B$726M
Dec 2020Pre-seed$4M
Aug 2019Series A$331M
Feb 2019Series A$220M

Motif Funding History

Motif has raised a total of $344M across 6 funding rounds.

Motif's first fundraising round was a $90M Series A in February 2019. The most recent completed round was a $200K pre-seed round in January 2024.

Motif funding rounds

Motif funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2024Pre-seedAsh Ome (lead)$200K$2M-
Jul 2023Pre-seedAsh Ome (lead)$100K--
Jun 2021Series BBlackRock (lead); Ontario Teachers' Pension Plan (lead)$226M$726MMotif FoodWorks is a plant-based food technology company spun out of Ginkgo Bioworks in 2019, specializing in ingredient technologies to improve the taste, texture, nutrition, and overall consumer experience of plant-based foods. The company aims to address mainstream consumer complaints about plant-based products by developing additives that make them more desirable and palatable, thereby promoting greater adoption and benefiting the environment. In 2021, Motif closed a $226 million Series B funding round jointly led by the Ontario Teachers' Pension Plan Board through its Teachers' Innovation Platform and funds managed by BlackRock, with additional investors participating. This round more than doubled the company's total capital raised to $345 million. The funds are designated for expanding research and development, scaling and commercializing food technologies, and growing facilities and headcount. The investment aligns with the Teachers' Innovation Platform's focus on late-stage venture and growth equity in innovative technology companies with scalable potential. Ontario Teachers' praised Motif's approach to enhancing plant-based eating. The round occurred amid active deployment by the platform in sectors like food tech, alongside investments such as a $138 million Series C in Beamery.
Dec 2020Pre-seedAsh Ome (lead)$400K$4M-
Aug 2019Series AAlumni Ventures (lead); General Atlantic (lead); Louis Dreyfus Company; CPT Capital; Fronterra Ventures; Breakthrough Energy Ventures; Anchorage Capital Group; Viking Global Investors$28M$331MMotif FoodWorks is an alternative protein company founded to develop plant-based and cultivated food products. On August 15, 2019, the company raised $29.01 million in its Series A-Plus round at a post-money valuation of $331.06 million. Key investors in this round included Cpt Capital and General Atlantic. The company's earlier Series A round in February 2019 raised $90 million at a post-money valuation of approximately $219.99 million, led by investors including Breakthrough Energy Ventures, Fonterra, Louis Dreyfus Company, and Viking Global Investors. These funding rounds positioned Motif FoodWorks as a significant player in the alternative protein sector during a period of rapid growth in plant-based food innovation. The company subsequently raised a Series B round in June 2021 for $226.13 million at a $1.37 billion valuation, becoming a unicorn and demonstrating strong investor confidence in its business model and market potential.
Feb 2019Series AFonterra (lead); Louis Dreyfus (lead)$90M$220MMotif FoodWorks (previously Motif Ingredients) is a US-based food tech company developing bio-engineered animal proteins and precision-fermented ingredients for meat, dairy, and egg alternatives to enable sustainable food products. In its Series A funding round on February 26, 2019, Motif raised $90 million from investors including Fonterra Co-operative Group, Louis Dreyfus Company, Breakthrough Energy Ventures, and Viking Global Investors, achieving a post-money valuation of $219.99 million with a price per share of $11.11. Fonterra's investment aimed to explore opportunities in complementary nutrition through Motif's innovative ingredient technologies. This early-stage capital supported Motif's work in the alternative protein space amid rising demand for plant-based and animal-free foods, similar to contemporaries like Beyond Meat and Impossible Foods. A follow-on Series A-Plus tranche of $29.01 million occurred on August 15, 2019, from CPT Capital and General Atlantic at a higher $331.06 million post-money valuation. Motif later raised a $226 million Series B in June 2021 at valuations reported variably as $1.37 billion or $700 million, with continued involvement from Louis Dreyfus and others. The company has raised over $316 million total across rounds, focusing on scaling ingredient innovations for global food systems.

Who has invested in Motif?

13 investors have backed Motif across its funding rounds, including Ash Ome, Alumni Ventures, General Atlantic, BlackRock, Breakthrough Energy Ventures and Viking Global Investors.

Lead investors include Ash Ome, BlackRock, Ontario Teachers' Pension Plan, Alumni Ventures, General Atlantic and 2 other investors.


Motif Investors

Investors in Motif by funding rounds participated
InvestorHQRoundsRoleFirst check
Ash OmeBangladeshDhaka3LeadDec 2020
Louis Dreyfus CompanyNetherlandsRotterdam1ParticipantAug 2019
Louis DreyfusNetherlandsAmsterdam1LeadFeb 2019
CPT CapitalUnited KingdomLondon1ParticipantAug 2019
Fronterra VenturesCanadaCalgary1ParticipantAug 2019
Breakthrough Energy VenturesFranceParis1ParticipantAug 2019
Ontario Teachers' Pension PlanCanadaToronto1LeadJun 2021
Alumni VenturesUnited StatesUnited States1LeadAug 2019
General AtlanticUnited StatesNew York City, NY1LeadAug 2019
BlackRockUnited StatesUnited States1LeadJun 2021
Anchorage Capital GroupUnited StatesNew York City, NY1ParticipantAug 2019

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Motif Competitors

Motif competitors include listed companies like Planethic Group and Modern Plant Based Foods, and private ones like SQUP, Plantex, Keeping You Sweet and Everything Legendary.

Public and private companies comparable to Motif
CompanyHQStatusRevenueEBITDAValuation
SQUPItalyRomePrivate--$2M
PlantexMalaysiaIpohPrivate--$2M
Keeping You SweetUnited StatesPaterson, NJPrivate--$2M
Everything LegendaryUnited StatesWashington, DCPrivate--$1M
Planethic GroupGermanyGermanyPublicly listed$13M($3M)$3M
Modern Plant Based FoodsCanadaCanadaPublicly listed$407K($449K)$239K
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Chucarapi------
Innovation Beverage Group$3M($2M)0.8x0.5x(1.0x)(2.3x)
Splash Beverage Group$73K($20M)109.3x-(0.4x)-
Premier Capital Services$60K$27K38.8x-87.0x-
SavorEat------
Agape ATP$2M($2M)1.5x-(1.1x)-
Golden Grail Technology------
Milkpol$8M($458K)0.2x-(4.0x)-

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Common questions about Motif

When was Motif founded?Motif was founded in 2019.
Where is Motif headquartered?Motif is headquartered in Boston, MA, United States.
Is Motif publicly listed?No, Motif is a private, VC-backed company.
What is Motif's valuation?Motif was last valued at $2M in its pre-seed round in January 2024.
How much funding has Motif raised?Motif has raised $344M across 6 funding rounds.
What was Motif's last funding round?Motif's last funding round was a $200K pre-seed round in January 2024, led by Ash Ome.
Who are Motif's investors?Motif's investors include Ash Ome, Louis Dreyfus Company, Louis Dreyfus, CPT Capital, Fronterra Ventures, Breakthrough Energy Ventures, Ontario Teachers' Pension Plan, Alumni Ventures, General Atlantic, BlackRock and 3 others.
Which companies are comparable to Motif?Companies comparable to Motif include SQUP, Plantex, Keeping You Sweet, Everything Legendary, Planethic Group and Modern Plant Based Foods.

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