About Modal
Modal is a company based in San Francisco (United States) founded in 2020 by Dennis Yang and Darren Shimkus. It operates as a Pay-per-Use / Usage-Based and EduTech. Modal has raised $31.8 million across 2 funding rounds from investors including Norwest Venture Partners, Left Lane Capital and Ensemble VC. Modal offers products and services including Strategic Upskilling Platform, Data Skills Training, and Cohort Learning Experience. Modal operates in a competitive market with competitors including Pluralsight, D2L, Degreed, Docebo and CoachHub, among others.
- Headquarter San Francisco, United States
- Founders Dennis Yang, Darren Shimkus
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Modal
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$31.8 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Series A
Apr 02, 2024
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Investors
Norwest Venture Partners
& 6 more
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Employee Count
Not available
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Products & Services of Modal
Modal offers a comprehensive portfolio of products and services, including Strategic Upskilling Platform, Data Skills Training, and Cohort Learning Experience.
A platform for strategic skills development is provided.
Training in data literacy and analysis is offered.
Immersive learning through cohorts and community is facilitated.
Funding Insights of Modal
Modal has successfully raised a total of $31.8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $25 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Modal
Modal has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Norwest Venture Partners, Left Lane Capital and Ensemble VC.
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Investments are directed toward high-growth consumer and internet technology companies.
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Early-stage startups are funded by Ensemble, a venture capital firm.
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Seed and early-stage startups are funded by SignalFire.
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Investor details for Modal
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- Investor locations
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Investments & Acquisitions by Modal
Investment portfolio details for Modal
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- Portfolio identities
- Transaction dates
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Financial Statements - Modal
Detailed financials for Modal
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- Profit trends
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Modal Comparisons
Peer comparison for Modal
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Modal
Modal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pluralsight, D2L, Degreed, Docebo and CoachHub, among others.
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Cloud-based LMS platform for IT industry
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Learning management systems are provided for multiple sectors.
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Cloud-based LMS platform tracks skills across industries.
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Cloud-based learning management system for corporate employee training is provided.
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Provider of online coaching and professional development solutions
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Enterprise learning management systems are provided for training programs.
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Detailed competitors of Modal
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Latest news on Modal
Complete news archive for Modal
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Frequently Asked Questions about Modal
Modal was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Modal is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Darren Shimkus is the current CEO of Modal. They have also founded this company.
Modal is a funded company, having raised a total of $31.8M across 2 funding rounds to date.
Modal is established as a leading strategic upskilling platform tailored to organizational needs. Focus is placed on delivering technical and data skills through immersive cohort learning, community engagement, and expert mentorship. Solutions are provided for learning and development as well as for data leaders, ensuring relevant skills are aligned with business strategies. Programs are designed to integrate real-world projects into training, fostering practical application. Sectors served include technology and education, with an emphasis on driving tangible business outcomes through skill acquisition.
Modal's top competitors include Pluralsight, CoachHub and D2L.
Modal offers Strategic Upskilling Platform, Data Skills Training, and Cohort Learning Experience.
Modal has 7 investors. Key investors include Norwest Venture Partners, Left Lane Capital, Ensemble VC, SignalFire, and Learn Ventures.