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Motive Funding Rounds & Valuation History (2019–2026)

Private Valuation & Funding Round Tracker · Motive

Motive funding rounds & valuation history

Motive (formerly KeepTruckin), the San Francisco fleet-management and AI-dashcam company, from its 2019 Series D to its withdrawn 2025 IPO filing and the 2026 General Catalyst financing, sourced to Motive, TechCrunch, Bloomberg, Renaissance Capital and the SEC withdrawal letter.

Last updated: (IST). Every figure re-checked against the linked sources that day. Rows: 6 Currency: US$, nominal
⬇ Download CSV Cite this dataset Methodology & status definitions
Last closed round Closed
Over $1.3B
Growth financing (General Catalyst CVF), 10 Sep 2026 (Motive)
Total raised
Over $1.94B
$149M + $190M + $150M + $150M equity + over $1.3B growth financing (GNF calc. of rows shown)
Latest signal IPO filing
Withdrawn
S-1 filed Dec 2025, withdrawn 10 Sep 2026; never priced

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Showing 6 of 6 rows
Motive funding rounds and IPO filings, April 2019 to September 2026
DateStatusRoundAmountLead / buyerValuationVal. ÷ run-rateSource
Closed round
Growth financing (General Catalyst CVF)Motive withdrew its S-1 the same day: “given this financing, Motive has withdrawn its previously filed S-1 registration statement”. Terms were not disclosed.
Over $1.3B
General Catalyst Customer Value Fund
—Not disclosedNo valuation disclosed; growth financing from General Catalyst’s Customer Value Fund, not a priced equity round
—Not disclosedNo run-rate stated in the announcement
Motive, 10 Sep 2026Also: Renaissance Capital, 10 Sep 2026
IPO filing
S-1 filed (withdrawn 10 Sep 2026)Form S-1 (File No. 333-292423) filed 23 Dec 2025 and withdrawn by Form RW on 10 Sep 2026; never declared effective and no shares sold.
—Not disclosed
—Not disclosed
—Not disclosedNo price range set; planned NYSE ticker MTVE
—Not disclosedIPO filing; no valuation or multiple
SEC Form RW (via StreetInsider), 10 Sep 2026Also: Renaissance Capital, 10 Sep 2026
Closed round
Funding roundMotive: “raised $150 million in a new funding round led by Kleiner Perkins, with participation from both existing investors and new investor AllianceBernstein”. Five months before the S-1 filing.
$150M
Kleiner PerkinsWith: AllianceBernstein (new); existing investors
—Not disclosedNo valuation disclosed (Tech Funding News: “Motive did not disclose a valuation”)
—Not disclosedNo run-rate stated in the announcement
Motive, 30 Jul 2025Also: Kleiner Perkins, 30 Jul 2025, Tech Funding News, Sep 2026
Closed round
Series FKeepTruckin rebranded as Motive in April 2022. No step-up: the Series E valuation was a lower bound.
$150M
Insight Partners, Kleiner Perkins
$2.85BReported by Bloomberg (headline “Back Motive at $2.85 Billion Valuation”); basis not stated
—Not disclosedNo run-rate stated in the announcement
Bloomberg, 25 May 2022Also: Motive (Business Wire), 25 May 2022, SiliconANGLE, 25 May 2022, Calcalist (Ctech), Sep 2026
Closed round
Series ERaised as KeepTruckin.
$190M
—Not disclosed
Over $2BPer CEO Shoaib Makani to TechCrunch (“valuation at over $2 billion”); lower bound
—Not disclosedNo run-rate stated in the announcement
TechCrunch, 17 Jun 2021
Closed round
Series DRaised as KeepTruckin.
$149M
Greenoaks CapitalWith: GV, IVP, Index Ventures, Scale Venture Partners
$1.25BPer CEO Shoaib Makani to TechCrunch (“values the business at $1.25 billion”)
—Not disclosedNo run-rate stated in the announcement
TechCrunch, 23 Apr 2019
No step-ups: the Series E valuation is a lower bound, and the 2025 round and 2026 financing set no valuation.

Valuation at each closed round

Closed rounds with a stated or reported valuation. Talks, tenders and rounds without a valuation are in the table, not the chart.

Sources: Motive; Renaissance Capital; SEC Form RW; Bloomberg; SiliconANGLE; Calcalist; TechCrunch; Kleiner Perkins; Tech Funding News. US$ billions, linear scale.

Timeline

Each round and share sale, oldest first.

  1. 23 Apr 2019 · Closed

    Series D: $149M at $1.25B, led by Greenoaks Capital.

  2. 17 Jun 2021 · Closed

    Series E: $190M at Over $2B.

  3. 25 May 2022 · Closed

    Series F: $150M at $2.85B, led by Insight Partners, Kleiner Perkins.

  4. 30 Jul 2025 · Closed

    Funding round: $150M, led by Kleiner Perkins.

  5. 23 Dec 2025 · IPO filing

    S-1 filed (withdrawn 10 Sep 2026): amount not disclosed.

  6. 10 Sep 2026 · Closed

    Growth financing (General Catalyst CVF): Over $1.3B, led by General Catalyst Customer Value Fund.

Still private: Motive filed an S-1 for a NYSE listing (MTVE) in December 2025 but withdrew it on 10 September 2026 after securing more than $1.3B from General Catalyst; it never priced and is not owned by a listed company (Motive; Renaissance Capital).

Cite this dataset

Free to quote with a link back. Copy this citation:

Motive Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/motive/

Download the data

The same 6 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File
motive-rounds.csv (UTF-8, comma-separated)
Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/motive-rounds.csv
Columns
id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated
(IST)
⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

IPO filing

A registration statement or prospectus filed with a regulator. It is Status, not a priced IPO; nothing is treated as a closed valuation.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

Seed to Series C rounds (2013–2018), debt facilities, and secondary-market price estimates.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

  • : Dataset first compiled (batch 3, not yet published).

Sources

  1. Motive: Motive Secures More Than $1.3 Billion in Growth Financing from General Catalyst, 10 Sep 2026
  2. Renaissance Capital: Fleet management software provider Motive Technologies withdraws IPO…, 10 Sep 2026
  3. SEC Form RW, Motive Technologies, Inc., File No. 333-292423 (via StreetInsider), 10 Sep 2026
  4. Bloomberg: Insight, Kleiner Perkins Back Motive at $2.85 Billion Valuation, 25 May 2022
  5. SiliconANGLE: Fleet management software company Motive raises $150M to scale development, 25 May 2022
  6. Motive (Business Wire): Motive Raises $150 Million in Series F Funding, 25 May 2022
  7. Calcalist (Ctech): Motive calls off IPO, leaving Unic-Tech waiting for its first big exit, Sep 2026
  8. TechCrunch: KeepTruckin raises $190 million to invest in AI products, double R&D team to 700, 17 Jun 2021
  9. TechCrunch: GV-backed KeepTruckin nabs $149M at $1.25B valuation, 23 Apr 2019
  10. Motive: AI Leader Motive Raises $150 Million to Invest in Product, Go-To-Market Expansion, 30 Jul 2025
  11. Kleiner Perkins: Motive: The AI engine powering the physical economy, 30 Jul 2025
  12. Tech Funding News: Motive secures $1.3B from General Catalyst as AI platform for physical operations scales, Sep 2026