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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 2
- Last Round Series A — $25.0M
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First Round
First Round
(09 Feb 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Modal | Valuation | Left Lane , Ensemble | |
| Feb, 2022 | Amount | Series A - Modal | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward high-growth consumer and internet technology companies.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Ensemble, a venture capital firm.
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Founded Year | Domain | Location | |
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Seed and early-stage startups are funded by SignalFire.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modal
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Modal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modal Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based LMS platform for IT industry
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| domain | founded_year | HQ Location |
Learning management systems are provided for multiple sectors.
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| domain | founded_year | HQ Location |
Cloud-based LMS platform tracks skills across industries.
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| domain | founded_year | HQ Location |
Cloud-based learning management system for corporate employee training is provided.
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| domain | founded_year | HQ Location |
Provider of online coaching and professional development solutions
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| domain | founded_year | HQ Location |
Enterprise learning management systems are provided for training programs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modal
Frequently Asked Questions about Modal
When was Modal founded?
Modal was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Modal located?
Modal is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Modal?
Darren Shimkus is the current CEO of Modal. They have also founded this company.
Is Modal a funded 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 09, 2022.
What does Modal do?
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.
Who are the top competitors of Modal?
Modal's top competitors include Pluralsight, CoachHub and D2L.
What products or services does Modal offer?
Modal offers Strategic Upskilling Platform, Data Skills Training, and Cohort Learning Experience.
Who are Modal's investors?
Modal has 7 investors. Key investors include Norwest Venture Partners, Left Lane Capital, Ensemble VC, SignalFire, and Learn Ventures.
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