Chinese internet company Renren (NYSE: RENN) has led a US$40 million investment in Motif Investing, a U.S. upstart online broke claiming to pioneer concept-driven investing for individuals and financial advisors. The funding takes Motif’s total capital raised to over US$120 million, with previous funding rounds from JPMorgan Chase, Foundation Capital, Goldman Sachs, Ignition Partners, and Norwest Venture Partners, and others.

Renren founder Joseph Chen will join Motif’s board of directors along with Carl Stern, former vice chairman of the Investment Banking division at Goldman Sachs and former chairman and CEO at the Boston Consulting Group.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.