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- Motif
Motif Valuation, Funding & Investors
Motif is valued at $2M as of January 2024.
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jan 2024 | Pre-seed | $2M |
| Jun 2021 | Series B | $726M |
| Dec 2020 | Pre-seed | $4M |
| Aug 2019 | Series A | $331M |
| Feb 2019 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2024 | Pre-seed | Ash Ome (lead) | $200K | $2M | - |
| Jul 2023 | Pre-seed | Ash Ome (lead) | $100K | - | - |
| Jun 2021 | Series B | BlackRock (lead); Ontario Teachers' Pension Plan (lead) | $226M | $726M | Motif 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 2020 | Pre-seed | Ash Ome (lead) | $400K | $4M | - |
| Aug 2019 | Series A | Alumni Ventures (lead); General Atlantic (lead); Louis Dreyfus Company; CPT Capital; Fronterra Ventures; Breakthrough Energy Ventures; Anchorage Capital Group; Viking Global Investors | $28M | $331M | Motif 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 2019 | Series A | Fonterra (lead); Louis Dreyfus (lead) | $90M | $220M | Motif 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Dec 2020 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Lead | Feb 2019 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Lead | Jun 2021 | ||
| 1 | Lead | Aug 2019 | ||
| 1 | Lead | Aug 2019 | ||
| 1 | Lead | Jun 2021 | ||
| 1 | Participant | Aug 2019 | ||
This data is available for Pro users. Sign up to see all 13 Motif investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMotif 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
| Private | - | - | $2M | ||
| Private | - | - | $2M | ||
| Private | - | - | $2M | ||
| Private | - | - | $1M | ||
| Publicly listed | $13M | ($3M) | $3M | ||
| Publicly listed | $407K | ($449K) | $239K |
Motif Public Comps
Motif is still privately-owned, but its public comps include Chucarapi, Innovation Beverage Group, Splash Beverage Group, Premier Capital Services, SavorEat, Agape ATP, Golden Grail Technology, Milkpol, Above Food and CBA Asset Management.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | - | - | - | - | - | |||
| $3M | ($2M) | 0.8x | 0.5x | (1.0x) | (2.3x) | |||
| $73K | ($20M) | 109.3x | - | (0.4x) | - | |||
| $60K | $27K | 38.8x | - | 87.0x | - | |||
| - | - | - | - | - | - | |||
| $2M | ($2M) | 1.5x | - | (1.1x) | - | |||
| - | - | - | - | - | - | |||
| $8M | ($458K) | 0.2x | - | (4.0x) | - | |||
This data is available for Pro users. Sign up to see all Motif competitors and their valuation data. Start Free Trial | ||||||||
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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