# Motiv Power Systems funding: rounds and investors

> Motiv Power Systems has raised $76M across 4 rounds since 2010. Investors include GMAG Holdings, Magness Investment Group and Winnebago.

Source: https://millionrounds.com/company/motiv-power-systems (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Motiv Power Systems*

4 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Logistics

Funding summary Updated 26 Oct 2026

**$76M** raised across 4 rounds since 2010, from 4 sources

**$252K** Venture **$7.3M** Growth **$8.1M** Growth **$60M** Series B

- **Latest round:** Series B, $60M Oct 2019
- **Step-up i:** 7.4×
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2010 2012 2014 2016 2018

**$252K** Venture

**$7.3M** Growth

**$8.1M** Growth

**$60M** Series B

- **First round:** Venture, $252K
- **Biggest round:** $60M
- **Usual gap between rounds:** 4 years

## The rounds

- **Oct 2019** Series B **$60M** *2 new* GMAG Holdings Winnebago Reported by FinSMEs SEC filing: $57M sold, first sale Sept 2019
- **May 2015** Growth **$8.1M** No investor was named in the report. From a historical funding record
- **Jun 2014** Growth **$7.3M** *1 new* Magness Investment Group From a historical funding record SEC filing: $1.0M sold, first sale Jun 2012
- **Jul 2010** Venture **$252K** No investor was named in the report. From a historical funding record SEC filing: $252K sold, first sale Jul 2010

## Founders and team

From the SEC filings it signed: 3 on the team.

- **Kristen Magnuson** Executive Officer i
- **Marc Herman** Executive Officer i
- **Matt O'Leary** Executive Officer, Director i

On the board, as filed i *Alan Hendricks* *Andrea Cunningham* *James Castelaz* *Paul Savoie*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2010 **Growth** 2014 **Growth** 2015 **Series B** 2019 GMAG Holdings Magness Investment Group Winnebago

## Everyone who backed them

GMAG Holdings no record of our own yet **1** round

Magness Investment Group no record of our own yet **1** round

Winnebago no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=motiv-power-systems).

## Also claim to have backed them

This firm lists Motiv Power Systems as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[3Lines](https://millionrounds.com/fund/3lines-venture-capital) VC firm Per its own site

## Quick answers about Motiv Power Systems

### Who invested in Motiv Power Systems?

Motiv Power Systems's investors include GMAG Holdings, Magness Investment Group and Winnebago.

### How much has Motiv Power Systems raised?

Motiv Power Systems has raised $76M across 4 rounds since 2010.

### When did Motiv Power Systems last raise?

Motiv Power Systems's most recent round was a Series B of $60M in Oct 2019.

### What was Motiv Power Systems's biggest round?

Its most recent round, $60M in Oct 2019, is also its largest on record.

### Who backed Motiv Power Systems first?

Motiv Power Systems's first round on record, in Jun 2014, was backed by Magness Investment Group.

### What stage is Motiv Power Systems at?

Motiv Power Systems's latest named round is a Series B, in Oct 2019.

### Where is Motiv Power Systems based?

Motiv Power Systems is based in the United States.

## Companies like Motiv Power Systems

In the same sector, and raised in the last eighteen months.

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**DashFuel** Oct 2026](https://millionrounds.com/company/dashfuel)[**Truck Parking Club** Oct 2026](https://millionrounds.com/company/truck-parking-club)[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)[**Stord** $782M · Oct 2026](https://millionrounds.com/company/stord)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app