Another $20M for Motif Investing
Motif Investing, the San Mateo, CA-based startup developing a new investing portal, disclosed its $7 million Series A round round just weeks ago. But today the company says that it has raised $20 million more, in a Series B round led by new investor Ignition Partners of Seattle. The round was joined by existing investors Norwest Venture Partners and Foundation Capital. Founders Hardeep Walia, a former Microsoft executive, and Tarig Halily, a former hedge fund analyst, say they expect a fall 2011 launch for their site, which will allow individuals to invest around themes or “motifs” such as cloud computing.