About Modem Art
Modem Art is a company based in Raanana (Israel) founded in 1998 was acquired by Agere Systems in March 2005. Modem Art has raised $11 million across 1 funding round from investors including Agere Systems, Genesis Partners and Tamir Fishman. Modem Art offers products and services including Audio Equipment Buyback and Vintage Audio Collection.
- Headquarter Raanana, Israel
- Website modem-art.com
- Acquired by Agere Systems (Mar 2005)
- Legal Name Audio Recycling Tokushima Inc
- Total Equity Funding$11M (USD)
in 1 rounds
- Latest Funding Round$11M (USD), Series B
Sep 2000
- InvestorsAgere Systems
& 4 more
- Acquired byAgere Systems
(Mar 2005)
Products & Services of Modem Art
Modem Art offers a comprehensive portfolio of products and services, including Audio Equipment Buyback and Vintage Audio Collection.
Buying and assessing used audio equipment for resale or recycling purposes
Collecting and valuing vintage audio items to meet demands from collectors
Funding Insights of Modem Art
Modem Art has successfully raised a total of $11M through 1 strategic funding round. The most recent funding activity was a Series B round of $11 million completed in September 2000. 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 $11M
- Total Rounds 1
- Last Round Series B — $11M
- First Round $11M
(Sep 2000)
- Investors Count 4
All 1 funding rounds of Modem Art with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2000 | $11M | Series B | – | – |
5 investors in total: 5 institutional.
Investors in Modem Art
Modem Art has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Agere Systems, Genesis Partners and Tamir Fishman.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early stage VC Firm investing in Israel and the US | – | genesispartners.com | Herzliya, Israel | |
- | – | argoquest.com | - | |
Investment management, mutual funds, and financial services in Israel. | – | tamirfishman.co.il | - | |
- | – | ampal.com | - | |
Integrated circuits for storage, mobile, and communications markets are produced. | 1998 | agere.com | Allentown, United States |
Investor details for Modem Art
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.
Timeline of Modem Art
3 dated milestones of Modem Art across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Modem Art is founded.
- Funding First funding round of $11.0M.
- Exit Acquired by Agere Systems.
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Frequently Asked Questions about Modem Art
Modem Art was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Modem Art is headquartered in Raanana, Israel. It is registered at Raanana, Central District, Israel.
Modem Art is a funded company, having raised a total of $11M across 1 funding round to date. The company's 1st funding round was a Series B of $11M, raised on Sep 2000.
Modem Art was founded in 1998, with operations centered in the art sector. An online domain, modem-art.com, is utilized for presence and potential engagement. Specific details on services, such as curation or sales, remain undisclosed. Geographical location is not specified, and core activities are limited in available records. Focus appears directed toward modern artistic expressions, though further data is absent.
Modem Art offers Audio Equipment Buyback and Vintage Audio Collection.
Modem Art has 5 investors. Key investors include Agere Systems, Genesis Partners, Tamir Fishman, Ampal, and Argoquest.
Modem Art operates through Audio Recycling Tokushima Inc.
Yes. Modem Art was acquired by Agere Systems in March 2005.