About Modular Medical
Modular Medical is a company based in San Diego (United States) founded in 2017. It operates as a HealthTech. Modular Medical has raised $5.28 million across 2 funding rounds. The company has 36 employees as of December 31, 2022. Modular Medical offers products and services including MODD1. Modular Medical operates in a competitive market with competitors including Tandem Diabetes, Kaleido, LenoMed, Asante Solutions and Sooil Development, among others.
- Headquarter San Diego, United States
- Employees 36 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Modular Medical, Inc.
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Annual Revenue
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Net Profit
$-17.47 M0as on Mar 31, 2024
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EBITDA
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Total Equity Funding
$5.28 M (USD)
in 2 rounds
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Latest Funding Round
$1.1 M (USD), Series A
Feb 22, 2021
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Investors
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Employee Count
36
as on Dec 31, 2022
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Products & Services of Modular Medical
Modular Medical offers a comprehensive portfolio of products and services, including MODD1. 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.
MODD1 is designed for simplified insulin delivery management.
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $1.1M
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First Round
First Round
(02 Apr 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series A - Modular Medical | Valuation |
investors |
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| Apr, 2019 | Amount | Series A - Modular Medical | 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 |
Investments & Acquisitions by Modular Medical
| 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 - Modular Medical
| 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 |
Modular Medical Comparisons
Competitors of Modular Medical
Modular Medical 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 Tandem Diabetes, Kaleido, LenoMed, Asante Solutions and Sooil Development, 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 |
Developer of devices for continuous glucose monitoring and manual insulin delivery
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| domain | founded_year | HQ Location |
Insulin pumps and monitoring software for diabetes are developed.
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| domain | founded_year | HQ Location |
Developer of closed loop insulin delivery devices
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| domain | founded_year | HQ Location |
Insulin pump systems are developed and customized by Asante Solutions.
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| domain | founded_year | HQ Location |
Develops insulin pumps and apps for diabetes care and blood sugar monitoring.
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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 Modular Medical
Frequently Asked Questions about Modular Medical
When was Modular Medical founded?
Modular Medical was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Modular Medical located?
Modular Medical is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of Modular Medical?
Paul DiPerna is the current CEO of Modular Medical.
Is Modular Medical a funded company?
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 02, 2019.
How many employees does Modular Medical have?
As of Dec 31, 2022, the latest employee count at Modular Medical is 36.
What does Modular Medical do?
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.
Who are the top competitors of Modular Medical?
Modular Medical's top competitors include Tandem Diabetes, Kaleido and LenoMed.
What products or services does Modular Medical offer?
Modular Medical offers MODD1.