DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Motivate Capital Management, LLC
Motivate Capital Management, LLC
name or self-description says seed
Importance
42
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- Chicago, ILadviserinfo.sec.gov
- Office address
- 110 N PEORIA ST, SUITE 104, Chicago, IL, 60607adviserinfo.sec.gov
- Business phone
- 312-857-8380adviserinfo.sec.gov
- Website
- https://motivate.vc/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 12, 2026
- Private funds reported
- 12 (12 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $248Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 312-857-8380adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
62 observed deals
Stated (the firm’s website)
- Sectors
- ai, crypto, industrial, media
- Stages
- pre seed, seed, early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- seed
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 95%Other Technology 5%
lead rate n/afollow-on rate n/anew logos, 12 months 62
Funds and vehicles
17 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| MCM Tide Rock Tr3 | Fund · ADV: Private Equity Fund | 2023 adv first reported | Active deployment | $6.8M Jun 28, 2023 | 23 | unknown | unknown |
| Motivate Ventures Qp Fund II, LP | Feeder or parallel | 2022 form d first sale | Active deployment | $60.8M Mar 26, 2024 | 114 | $61.0M of $100M | Nov 20, 2023 |
| Motivate Ventures Ai Fund II, LP | Fund | 2022 form d first sale | Active deployment | $20.3M Mar 26, 2024 | 35 | $19.8M of $50.0M | Nov 20, 2023 |
| MCM Tiderock Tr2 | SPV or co-invest vehicle · ADV: Private Equity Fund | 2022 form d first sale | Active deployment | $5.4M Jun 28, 2023 | 22 | $709,000 of $709,000 | Aug 8, 2022 |
| MCM Sweater Seed Spv | SPV or co-invest vehicle | 2022 form d first sale | Active deployment | $3.3M Mar 26, 2024 | 3 | $3.3M of $3.3M | Apr 13, 2022 |
| MCM Banyan | SPV or co-invest vehicle | 2022 form d first sale | Active deployment | $1.3M Mar 26, 2024 | 3 | $1.3M of $1.3M | Feb 28, 2022 |
| MCM Tiderock Series | SPV or co-invest vehicle · ADV: Private Equity Fund | 2021 form d first sale | Mature | $20.1M Jun 28, 2023 | 38 | $10.3M of $10.3M | Dec 13, 2021 |
| MCM Stacked Series a | SPV or co-invest vehicle | 2021 form d first sale | Mature | $3.5M Mar 26, 2024 | 50 | $3.9M of $3.9M | Oct 6, 2021 |
| MCM Frontdesk Series | SPV or co-invest vehicle | 2021 form d first sale | Mature | $1.5M Mar 26, 2024 | 3 | $1.1M of $1.1M | Mar 30, 2021 |
| MCM Stacked Series Spv | SPV or co-invest vehicle | 2021 form d first sale | Mature | $1.5M Mar 26, 2024 | 3 | $1.1M of $1.1M | Aug 19, 2021 |
| MCM Klover Series | SPV or co-invest vehicle | 2021 form d first sale | Mature | $1.4M Mar 26, 2024 | 3 | $867,140 of $867,140 | Sep 2, 2021 |
| Motivate Ventures Qp Fund I LP | Feeder or parallel | 2020 form d first sale | Mature | $42.2M Mar 26, 2024 | 77 | $26.7M | Dec 2, 2020 |
| MCM Medicus Data Series, LLC | Fund | 2020 form d first sale | Mature | $150,000 Mar 26, 2024 | 10 | $155,799 of $155,799 | Mar 17, 2020 |
| Motivate Ventures Fund I LP | Fund | 2019 form d first sale | Mature | $25.2M Mar 26, 2024 | 73 | $17.2M of $25.0M | Dec 2, 2019 |
| Motivate OF I, LP | Fund | unknown | Fundraising | unknown | unknown | $0 | Aug 20, 2025 |
| Motivate Ventures AI Fund III, LP | Fund | unknown | Fundraising | unknown | unknown | $0 | Feb 2, 2026 |
| Motivate Ventures QP Fund III, LP | Feeder or parallel | unknown | Fundraising | unknown | unknown | $0 | Feb 2, 2026 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
2 current, 0 departed
Lauren Philip Deluca
PartnerMember · since Jun 1, 2019
David Wieland
Platform and operationsMember, Chief Compliance Officer · since Jun 1, 2019
Investments on record
62 edges, 62 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
19 relationships from shared deals, counted for the whole firm
Bridge Investments LLC 2 shared · recurringQuesta Capital Management, L.L.C. 1 shared · one timeWestern Technology Investment (wti) 1 shared · one timeTAU Ventures, LLC 1 shared · one timeVitalizevc Management, LLC 1 shared · one timeStrobe Ventures 1 shared · one timeArtis Capital Management, L.P. 1 shared · one timeSolari Capital Management LLC 1 shared · one timeRipple Manager Inc. 1 shared · one timeProject a 1 shared · one timeLifeforce Capital Management, LLC 1 shared · one timeAnthemis 1 shared · one timeUnlock Venture Partners 1 shared · one timeChartline Capital Partners 1 shared · one timeSwift Ventures 1 shared · one timeTwelve Below 1 shared · one timeHoneystone Ventures LLC 1 shared · one timeArtis Ventures Management, L.P. 1 shared · one timePrime Movers Lab LLC 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
19 dated events
- Sep 16, 2026Building the next gen of decentralized exchanges no longer listed on Motivate Capital Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceBuilding the next gen of decentralized exchangesVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Privacy Lock no longer listed on Motivate Capital Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferencePrivacy LockVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Moove.ai no longer listed on Motivate Capital Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceMoove.aiVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 13, 2026Motivate Capital Management, LLC: INSTITUTIONAL_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInferenceno URL
- Mar 31, 2023MCM Sweater Seed Spv first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $3,250,000Fund first reported on Form ADVFundsFactMCM Sweater Seed SpvSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023MCM Tiderock Tr2 first reported on Form ADV by Motivate Capital Management, LLC (Private Equity Fund), GAV $4,922,645Fund first reported on Form ADVFundsFactMCM Tiderock Tr2SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023MCM Tiderock Series first reported on Form ADV by Motivate Capital Management, LLC (Private Equity Fund), GAV $18,255,396Fund first reported on Form ADVFundsFactMCM Tiderock SeriesSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023MCM Medicus Data Series, LLC first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $150,000Fund first reported on Form ADVFundsFactMCM Medicus Data Series, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023MCM Frontdesk Series first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $1,543,153Fund first reported on Form ADVFundsFactMCM Frontdesk SeriesSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023MCM Stacked Series Spv first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $1,516,062Fund first reported on Form ADVFundsFactMCM Stacked Series SpvSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Motivate Ventures Ai Fund II, LP first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $18,630,000Fund first reported on Form ADVFundsFactMotivate Ventures Ai Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Motivate Ventures Qp Fund II, LP first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $48,825,000Fund first reported on Form ADVFundsFactMotivate Ventures Qp Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023MCM Tide Rock Tr3 first reported on Form ADV by Motivate Capital Management, LLC (Private Equity Fund), GAV $6,163,000Fund first reported on Form ADVFundsFactMCM Tide Rock Tr3SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023MCM Stacked Series a first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $3,550,000Fund first reported on Form ADVFundsFactMCM Stacked Series aSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023MCM Klover Series first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $1,419,129Fund first reported on Form ADVFundsFactMCM Klover SeriesSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023MCM Banyan first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $1,300,000Fund first reported on Form ADVFundsFactMCM BanyanSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 27, 2021Motivate Capital Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 27, 2021Motivate Ventures Qp Fund I LP first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $26,679,068Fund first reported on Form ADVFundsFactMotivate Ventures Qp Fund I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 27, 2021Motivate Ventures Fund I LP first reported on Form ADV by Motivate Capital Management, LLC (Venture Capital Fund), GAV $15,920,933Fund first reported on Form ADVFundsFactMotivate Ventures Fund I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 13, 2026Seed fund manager (confirmed, 95%, cls-1)name or self-description says seed
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $193M across 17 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $193M across 14 vehicles
Evidence
43 observations from 3 sources