About Modalyst
Modalyst is a company based in New York (United States) founded in 2012 was acquired by Wix in June 2021.. Modalyst has raised $1.3 million across 3 funding rounds from investors including Wix, New York Angels and MassChallenge. Modalyst offers products and services including Dropshipping Platform, Shopify Integration, and Wix Integration. Modalyst operates in a competitive market with competitors including RELEX, Wasoko, Cart.com, Zubale and BigCommerce, among others.
- Headquarter New York, United States
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Sectors
RetailTechnology Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Modalyst, Inc
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Products & Services of Modalyst
Modalyst offers a comprehensive portfolio of products and services, including Dropshipping Platform, Shopify Integration, and Wix Integration. 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.
Automates product sourcing and order fulfillment for online stores.
Enables one-click automation of dropshipping in Shopify stores.
Facilitates dropshipping setup and product management on Wix platforms.
Funding Insights of Modalyst
Modalyst has successfully raised a total of $1.3M across 3 strategic funding rounds. 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 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2015 | Amount | Seed - Modalyst | Valuation |
investors |
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| Jan, 2015 | Amount | Seed - Modalyst | Valuation |
investors |
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| May, 2012 | Amount | Grant - Modalyst | 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 Modalyst
Modalyst has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Wix, New York Angels and MassChallenge. 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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Early-stage technology startups are funded by New York Angels network.
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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Websites are built using Wix's cloud-based drag-and-drop platform.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Modalyst
| 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 - Modalyst
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Modalyst Comparisons
Competitors of Modalyst
Modalyst 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 RELEX, Wasoko, Cart.com, Zubale and BigCommerce, 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 |
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| domain | founded_year | HQ Location |
Unified platform for retail and supply chain planning is offered.
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| domain | founded_year | HQ Location |
Online B2B marketplace offering groceries for enterprises
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| domain | founded_year | HQ Location |
Software suite solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Platform offering retail sales enablement and reward software
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| domain | founded_year | HQ Location |
SaaS-based software suites for e-commerce operations are provided.
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| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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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 Modalyst
Frequently Asked Questions about Modalyst
When was Modalyst founded?
Modalyst was founded in 2012.
Where is Modalyst located?
Modalyst is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Modalyst a funded company?
Modalyst is a funded company, having raised a total of $1.3M across 3 funding rounds to date.
What does Modalyst do?
Modalyst was founded in 2012 and is based in New York, United States. Operations focus on the fashion e-commerce sector through a marketplace platform. Suppliers, vendors, and brands are connected with online retailers. Services include order and inventory management, product reselling, revenue tracking, integration of e-commerce apps and plugins, and automation of product listings. These tools support dropshipping workflows for businesses.
Who are the top competitors of Modalyst?
What products or services does Modalyst offer?
Modalyst offers Dropshipping Platform, Shopify Integration, and Wix Integration.
Who are Modalyst's investors?
Modalyst has 3 investors. Key investors include Wix, New York Angels, and MassChallenge.