Motista Collects $4.5M, Relocates to Silicon Valley

3/23/11

Motista, which runs online market-research surveys for Fortune 1000 customers, said today that it has completed a $4.5 million Series A funding round. El Dorado Ventures was the sole funder in the round, and El Dorado general partner Tom Peterson has joined Motista’s board. At the same time, the company announced that it is relocating from Rockville, MD, to San Mateo, CA. “We’ve been quietly building Motista in close collaboration with some of the world’s top brands,” Motista co-founder and CEO Scott Magids said in a statement. “With El Dorado Ventures’ investment and support, Motista is excited to transform the way all Fortune 1000 marketers use consumer intelligence by getting it in their hands every day.” The company said it’s working behind the scenes on a new version of its consumer survey product, to be released “later in the year.”

Wade Roush is a contributing editor at Xconomy. Follow @

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