About Modular Medical
Modular Medical is a Healthcare company based in San Diego (United States) founded in 2017. Insulin pumps are developed for continuous delivery to diabetic patients. It operates on a HealthTech model. Modular Medical has raised $5.28 million across 2 funding rounds. The company has 36 employees. Its chief executive, as recorded, is Paul DiPerna. Modular Medical offers products and services including MODD1. Its focus areas include Medical Devices and Diabetes Care Devices. Its legal entity is Modular Medical, Inc. Its competitors include Tandem Diabetes, Asante Solutions and Disetronic; 1 of its 3 listed competitors has raised funding.
Company details
Modular Medical is engaged in developing innovative diabetes management solutions. The company is dedicated to creating medical devices like MODD1, an insulin pump designed for ease of use. It is aimed at transitioning patients from manual injections to automated systems. The focus is placed on facilitating data sharing with healthcare providers. The sector targeted includes healthcare with an emphasis on diabetes care technology.
- Headquarters San Diego, United States
- Employees 36
- SectorsHealthcare
- Website modular-medical.com
- Social LinkedIn
- Legal Name Modular Medical, Inc.
- Net Profit-$17.47 M (USD)as on Mar 31, 2024
- Total Equity Funding$5.28M (USD)
in 2 rounds
- Latest Funding Round$1.1M (USD), Series A
Feb 2021
- Employee Count36
Products & Services of Modular Medical
Modular Medical offers a comprehensive portfolio of products and services, including MODD1.
MODD1 is designed for simplified insulin delivery management.
Funding Insights of Modular Medical
Modular Medical has successfully raised a total of $5.28M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.1 million completed in February 2021. 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 $5.28M
- Total Rounds 2
- Last Round Series A — $1.1M
- First Round $4.18M
(Apr 2019)
All 2 funding rounds of Modular Medical 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 |
|---|---|---|---|---|---|
| Feb 2021 | $1.1M | Series A | – | – | – |
| Apr 2019 | $4.18M | Series A | – | – | – |
People of Modular Medical
9 people are tracked at Modular Medical (5 in leadership, 4 in team); the tracked headcount is 36.
| Name | Role | Group |
|---|---|---|
Paul DiPerna | CEO | Leadership |
Shahzaib N. Rai | Director Global Regulatory Affairs (ra) | Leadership |
Chris Dabrow | Director Of Distribution | Leadership |
Kevin Schmid | Chief Operating Officer | Leadership |
Michael C. Piro | Head Of Sales | Leadership |
Harry Heald | Supply Chain Manager | Team |
Michael Mulvey | Mechanical Engineer | Team |
Jeff Marquez | Production Manager | Team |
Kelsie Diperna | Senior Regulatory Affairs Specialist | Team |
Complete people profiles for Modular Medical
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Timeline of Modular Medical
3 dated milestones of Modular Medical across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Modular Medical is founded.
- Funding First funding round of $4.2M.
- Funding Latest funding round, Series A, of $1.1M.
Competitors of Modular Medical
Modular Medical has 3 listed competitors in our database, 1 of them funded. They include Tandem Diabetes, Asante Solutions and Disetronic.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tandemdiabetes.com | 2008 | San Diego, United States | $100.73M | 1,922 | Developer of devices for continuous glucose monitoring and manual insulin delivery | |
| snappump.com | 2006 | Sunnyvale, United States | 27 | Insulin pump systems are developed and customized by Asante Solutions. | ||
| disetronic.com | 1984 | Indianapolis, United States | Insulin pumps and micro-dosage devices are developed for diabetes management. |
Detailed competitors of Modular Medical
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- Full competitor set
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Top companies in Diabetes
3 companies that operate in the same segment as Modular Medical (Diabetes) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of devices for continuous glucose monitoring and manual insulin delivery | 2008 | San Diego, California, United States | USD 100.73 M | USD 1.02 B | 2,650 | |
Wearable glucose monitoring patches are provided for real-time data tracking. | 1999 | San Diego, California, United States | USD 52.5 M | USD 4.66 B | 10,300 | |
Wearable insulin infusion systems are developed for diabetes patients. | 2000 | Boston, Massachusetts, United States | USD 120.4 M | USD 2.71 B | 3,900 |
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Frequently Asked Questions about Modular Medical
Modular Medical was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Modular Medical is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Paul DiPerna is the CEO of Modular Medical, as recorded in our data.
Modular Medical is a funded company, having raised a total of $5.28M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.18M, raised on Apr 2019.
Modular Medical has 36 employees.
Modular Medical is engaged in developing innovative diabetes management solutions. The company is dedicated to creating medical devices like MODD1, an insulin pump designed for ease of use. It is aimed at transitioning patients from manual injections to automated systems. The focus is placed on facilitating data sharing with healthcare providers. The sector targeted includes healthcare with an emphasis on diabetes care technology.
Modular Medical's top competitors include Tandem Diabetes, Asante Solutions and Disetronic.
Modular Medical offers MODD1.
Modular Medical operates through Modular Medical, Inc..