About Modern Market
Modern Market is a company based in Colorado City (United States) founded in 2009 was acquired by Thrive Restaurant Group in September 2024.. Modern Market has raised $11.45 million across 4 funding rounds from investors including Thrive Restaurant Group and Butterfly Equity. The company has 526 employees as of December 31, 2020. Modern Market offers products and services including Lunch Menu, Dinner Menu, and Breakfast Menu. Modern Market operates in a competitive market with competitors including Huddle House, TGI Fridays, Brinker, Luna Grill and Applebees, among others.
- Headquarter Colorado City, United States
- Employees 526 as on 31 Dec, 2020
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Modmarket Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.45 M (USD)
in 4 rounds
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Latest Funding Round
$6.63 M (USD), Series B
Dec 03, 2014
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Investors
Thrive Restaurant Group
& 1 more
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Employee Count
526
as on Dec 31, 2020
- Acquired by
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Products & Services of Modern Market
Modern Market offers a comprehensive portfolio of products and services, including Lunch Menu, Dinner Menu, and Breakfast Menu. 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.
Features made-from-scratch meals using sustainable ingredients for daily dining.
Offers whole, clean dishes prepared fresh for evening meals.
Provides convenient, sustainable options for morning meals.
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Funding Insights of Modern Market
Modern Market has successfully raised a total of $11.45M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $6.63 million completed in December 2014. 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 4
- Last Round Series B — $6.6M
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First Round
First Round
(31 Mar 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Series B - Modern Market | Valuation |
investors |
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| Feb, 2013 | Amount | Series A - Modern Market | Valuation |
investors |
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| Sep, 2010 | Amount | Seed - Modern Market | Valuation |
investors |
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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 Modern Market
Modern Market has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Thrive Restaurant Group and Butterfly Equity. 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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Butterfly Equity is focused on food sector private equity investments.
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Founded Year | Domain | Location | |
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A restaurant group is operated with focus on community impact.
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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 Modern Market
| 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 - Modern Market
| 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 |
Modern Market Comparisons
Competitors of Modern Market
Modern Market 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 Huddle House, TGI Fridays, Brinker, Luna Grill and Applebees, 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 |
Casual dining meals are served through a restaurant chain.
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| domain | founded_year | HQ Location |
A chain of casual dining restaurants is operated globally.
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| domain | founded_year | HQ Location |
Global restaurant chains are owned and operated by Brinker International.
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| domain | founded_year | HQ Location |
Casual dining services are provided through a restaurant chain.
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| domain | founded_year | HQ Location |
Casual dining services are provided by a nationwide restaurant chain.
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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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Latest news on Modern Market
Frequently Asked Questions about Modern Market
When was Modern Market founded?
Modern Market was founded in 2009.
Where is Modern Market located?
Modern Market is headquartered in Colorado City, United States. It is registered at Colorado City, Colorado, United States.
Is Modern Market a funded company?
Modern Market is a funded company, having raised a total of $11.45M across 4 funding rounds to date. The company's 1st funding round was a Seed of $690K, raised on Mar 31, 2009.
How many employees does Modern Market have?
As of Dec 31, 2020, the latest employee count at Modern Market is 526.
What does Modern Market do?
Modern Market was founded in 2009 and is headquartered in Colorado City, United States. Operations are conducted as a restaurant chain in the food service sector, where a variety of meals including pizza, salads, and sandwiches are prepared and served. Catering services are also extended to support events and gatherings. The focus remains on everyday dining options across multiple locations.
Who are the top competitors of Modern Market?
Modern Market's top competitors include TGI Fridays, Brinker and Huddle House.
What products or services does Modern Market offer?
Modern Market offers Lunch Menu, Dinner Menu, and Breakfast Menu.
Who are Modern Market's investors?
Modern Market has 2 investors. Key investors include Thrive Restaurant Group, and Butterfly Equity.
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