About Modo Labs
Modo Labs is a company based in Cambridge (United States) founded in 2010.. Modo Labs has raised $14.4 million across 4 funding rounds from investors including Education Growth Partners, Storm Ventures and New Magellan Ventures. The company has 89 employees as of December 31, 2022. Modo Labs has completed 2 acquisitions, including RojoServe and Ulyngo. Modo Labs offers products and services including Modo Workplace and Modo Campus. Modo Labs operates in a competitive market with competitors including Medallia, Appian, Bubble, OutSystems and Culture Amp, among others.
- Headquarter Cambridge, United States
- Employees 89 as on 31 Dec, 2022
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Sectors
Technology
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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
$14.4 M (USD)
in 4 rounds
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Latest Funding Round
$10.4 M (USD), Series B
Jul 12, 2016
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Investors
Education Growth Partners
& 2 more
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Employee Count
89
as on Dec 31, 2022
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Investments & Acquisitions
RojoServe
& 1 more
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Products & Services of Modo Labs
Modo Labs offers a comprehensive portfolio of products and services, including Modo Workplace and Modo Campus. 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.
App for employee engagement and space booking tools
App for student engagement and academic information access
Funding Insights of Modo Labs
Modo Labs has successfully raised a total of $14.4M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $10.4 million completed in July 2016. 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 — $10.4M
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First Round
First Round
(11 May 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Series B - Modo Labs | Valuation | Education Growth Partners | |
| Oct, 2015 | Amount | Debt – Conventional - Modo Labs | Valuation |
investors |
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| Nov, 2011 | Amount | Series A - Modo Labs | 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 Modo Labs
Modo Labs has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Education Growth Partners, Storm Ventures and New Magellan Ventures. 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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PE firm investing in North America and Europe
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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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 Modo Labs
Modo Labs has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include RojoServe and Ulyngo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Student management is facilitated through a mobile application solution.
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2020 | ||||
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App building platform for personalized digital campus experience
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Modo Labs
| 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 |
Modo Labs Comparisons
Competitors of Modo Labs
Modo Labs 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 Medallia, Appian, Bubble, OutSystems and Culture Amp, 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 |
Medallia is focused on customer and employee experience management.
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| domain | founded_year | HQ Location |
Cloud-based low-code platform enables application development and automation.
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| domain | founded_year | HQ Location |
Cloud-based no-code platform for web application development is utilized.
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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| domain | founded_year | HQ Location |
Employee experience management platform
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| domain | founded_year | HQ Location |
AI-powered low-code platform for application development is provided.
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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 Modo Labs
Frequently Asked Questions about Modo Labs
When was Modo Labs founded?
Modo Labs was founded in 2010.
Where is Modo Labs located?
Modo Labs is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is Modo Labs a funded company?
Modo Labs is a funded company, having raised a total of $14.4M across 4 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on May 11, 2010.
How many employees does Modo Labs have?
As of Dec 31, 2022, the latest employee count at Modo Labs is 89.
What does Modo Labs do?
Modo Labs was founded in 2010 in Cambridge, United States, within the software sector focused on digital tools. A no-code platform is provided for building workplace applications without requiring technical expertise. Operations center on features including alerts, push notifications, onboarding processes, collaboration tools, and progress dashboards. The service supports digital engagement for enterprises, with primary operations based in the United States.
Who are the top competitors of Modo Labs?
Modo Labs's top competitors include Appian, Bubble and Culture Amp.
What products or services does Modo Labs offer?
Modo Labs offers Modo Workplace and Modo Campus.
How many acquisitions has Modo Labs made?
Who are Modo Labs's investors?
Modo Labs has 3 investors. Key investors include Education Growth Partners, Storm Ventures, and New Magellan Ventures.
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