Modem Art
About Modem Art
Modem Art is a company 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.
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Phone
*********
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Website
*********
- Legal Name Audio Recycling Tokushima Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11 M (USD)
in 1 rounds
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Latest Funding Round
$11 M (USD), Series B
Sep 17, 2000
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Investors
Agere Systems
& 4 more
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Employee Count
Employee Count
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Acquired by
Agere Systems
(Mar 08, 2005)
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Products & Services of Modem Art
Modem Art offers a comprehensive portfolio of products and services, including Audio Equipment Buyback and Vintage Audio Collection. 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.
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 Total Funding
- Total Rounds 1
- Last Round Series B — $11.0M
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First Round
First Round
(17 Sep 2000)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2000 | Amount | Series B - Modem Art | 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 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. 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 VC Firm investing in Israel and the US
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Investment management, mutual funds, and financial services in Israel.
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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 Modem Art
| 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 - Modem Art
| 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 |
Modem Art Comparisons
Competitors of Modem Art
| 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 Modem Art
When was Modem Art founded?
Modem Art was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Is Modem Art a funded company?
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 17, 2000.
What does Modem Art do?
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.
What products or services does Modem Art offer?
Modem Art offers Audio Equipment Buyback and Vintage Audio Collection.
Who are Modem Art's investors?
Modem Art has 5 investors. Key investors include Agere Systems, Genesis Partners, Tamir Fishman, Ampal, and Argoquest.
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