Proxy Acquires Ring Maker Motiv
Published Apr 29, 2020 16:13 PM
Fresh off of raising $42 million, access startup Proxy has acquired Motiv.
Motiv, itself, had raised tens of millions of dollars to develop a wearable ring over the past 7 years.
But why would Proxy acquire Motiv now and what do they intend to do with the company's historically fitness tracking orientation? We spoke with Proxy's CEO and in this note, examine the background, potential fit, and outlook of the combined companies.