About Modal
Modal is a Technology company based in San Francisco (United States) founded in 2020 by Dennis Yang and Darren Shimkus. Learning management services are provided through an online platform. It operates on a Pay-per-Use / Usage-Based and EduTech model. Modal has raised $31.8 million across 2 funding rounds from investors including Norwest Venture Partners, Left Lane Capital and Ensemble VC. Its chief executive, as recorded, is Darren Shimkus. Modal offers products and services including Strategic Upskilling Platform, Data Skills Training, and Cohort Learning Experience. Its focus areas include Education Technology and Online Learning Platforms. Its competitors include Pluralsight, Degreed and Docebo; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Founders Dennis Yang, Darren Shimkus
- SectorsTechnology
- Website modallearning.com
- Social LinkedIn X Facebook
- Legal Name Modal
- Total Equity Funding$31.8M (USD)
in 2 rounds
- Latest Funding Round$25M (USD), Series A
Apr 2024
- InvestorsNorwest Venture Partners
& 6 more
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.
- Total Funding $31.8M
- Total Rounds 2
- Last Round Series A — $25M
- First Round $6.8M
(Feb 2022)
- Investors Count 7
All 2 funding rounds of Modal with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed toward high-growth consumer and internet technology companies. | leftlane.com | Brooklyn, United States | ||
Early-stage startups are funded by Ensemble, a venture capital firm. | ensemble.vc | Austin, United States | ||
Seed and early-stage startups are funded by SignalFire. | signalfire.com | San Francisco, United States | ||
Learn Ventures is focused on building educational technology ventures. | learn.vc | San Mateo, United States | ||
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Seed funding and product council are provided for early-stage companies. | blingcap.com | San Francisco, United States | ||
Learn Capital is engaged in backing ventures that enhance human learning potential. | learncapital.com |
Investor details for Modal
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Modal
2 people are tracked at Modal (2 in leadership).
| Name | Role | Group |
|---|---|---|
Dennis Yang | Co-Founder & Chairman | Leadership |
Darren Shimkus | Co-Founder & CEO | Leadership |
Complete people profiles for Modal
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Modal
3 dated milestones of Modal across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Modal is founded.
- Funding First funding round of $6.8M.
- Funding Latest funding round, Series A, of $25.0M.
Competitors of Modal
Modal has 3 listed competitors in our database, 3 of them funded. They include Pluralsight, Degreed and Docebo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pluralsight.com | 2004 | Farmington, United States | $235.41M | 315 | Cloud-based LMS platform for IT industry | |
| degreed.com | 2012 | Pleasanton, United States | $367.07M | 392 | Cloud-based LMS platform tracks skills across industries. | |
| docebo.com | 2005 | Athens, United States | $6.32M | 900 | Cloud-based learning management system for corporate employee training is provided. |
Detailed competitors of Modal
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Modal
The website of Modal (modallearning.com) receives about 4.2K visits a month.
- Monthly visits4.2K
▲ 22.6% vs previous month
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Modal (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about 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 CEO of Modal, as recorded in our data. They have also founded this company.
Modal is a funded company, having raised a total of $31.8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.8M, raised on Feb 2022.
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, Docebo and Degreed.
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.
Modal operates through Modal.