Motivo, Inc., a New Berlin, Wis.-based company dedicated to enhancing independence for people in need, closed a $950k Series A financing.
The round, which brings total funding to $4.8m, was led by local Wisconsin-based investor and former CEO of Mortara Instrument, Justin Mortara.
The company intends to use the funds to execute its go-to-market strategy and scale in-house manufacturing capacity.
Led by Jeremy Knopow, co-founder, Motivo provides Motivo Tour®, a mobility product for seniors, veterans, those suffering from Cerebral Palsy, Parkinson’s, and anyone else that needs a extra help getting around. The company’s broad patent portfolio was recently independently valued at approximately $22.5M.