About Modapl
Modapl is a company based in Seoul (South Korea) founded in 2023 by Danny Seungdae Kim.. Modapl has raised $3.24 million across 1 funding round from investors including Samsung Fire and Marine Insurance and Schmidt. Modapl operates in a competitive market with competitors including Otonomo, AlgoDriven, AMO Foundation, Hi-Park Solutions and Dealix, among others.
- Headquarter Seoul, South Korea
- Founders Danny Seungdae Kim
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.24 M (USD)
in 1 rounds
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Latest Funding Round
$3.24 M (USD), Seed
Feb 23, 2024
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Investors
Samsung Fire and Marine Insurance
& 1 more
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Employee Count
Employee Count
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Funding Insights of Modapl
Modapl has successfully raised a total of $3.24M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.24 million completed in February 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 1
- Last Round Seed — $3.2M
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First Round
First Round
(23 Feb 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Modapl | Valuation | Samsung Fire and Marine Insurance , Schmidt |
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| 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 Modapl
Modapl has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Samsung Fire and Marine Insurance and Schmidt. 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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Multiple sectors are invested in by Schmidt venture capital fund.
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Founded Year | Domain | Location | |
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Insurance services for automobiles, long-term, and commercial needs are offered.
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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 Modapl
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Modapl
| 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 |
Modapl Comparisons
Competitors of Modapl
Modapl 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 Otonomo, AlgoDriven, AMO Foundation, Hi-Park Solutions and Dealix, 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 |
Online platform offering a data marketplace for the automotive sector
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| domain | founded_year | HQ Location |
Data management solutions are delivered via SaaS for automotive commerce.
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| domain | founded_year | HQ Location |
Connected car data is collected, stored, and exchanged via blockchain.
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| domain | founded_year | HQ Location |
Real-time parking navigation app for drivers using AI and community data.
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| domain | founded_year | HQ Location |
Digital advertising and sales leads are supplied to auto dealerships.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Modapl
When was Modapl founded?
Modapl was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Modapl located?
Modapl is headquartered in Seoul, South Korea.
Who is the current CEO of Modapl?
Hangjip Choi is the current CEO of Modapl.
Is Modapl a funded company?
Modapl is a funded company, having raised a total of $3.24M across 1 funding round to date. The company's 1st funding round was a Seed of $3.24M, raised on Feb 23, 2024.
What does Modapl do?
Modapl was founded in 2023 in Seoul, South Korea, as a smart mobility platform. Data generated by cars, vehicle IoT devices, and smartphones is collected and transferred through the platform. Operations focus on the mobility sector, enabling data handling for connected transportation systems. The company is led by co-founder Danny Seungdae Kim and CEO Hangjip Choi, with activities centered in South Korea.
Who are the top competitors of Modapl?
Modapl's top competitors include Otonomo, AlgoDriven and Statistical Surveys.
Who are Modapl's investors?
Modapl has 2 investors. Key investors include Samsung Fire and Marine Insurance, and Schmidt.
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