About Modum IO
Modum IO is a Healthcare company based in Zurich (Switzerland) founded in 2016 by Pascal Degen, and was acquired by Roambee in June 2021. Blockchain-based supply chain visibility solutions are provided for pharmaceuticals. It operates in the Healthcare, Transportation, Automotive & Logistics, and Technology sectors. Modum IO has raised $30.22 thousand across 2 funding rounds from investors including Roambee, Kickstart Innovation and Venture Kick. Its chief executive, as recorded, is Simon Dossegger. Its focus areas include HealthTech, Life Sciences Tech, Supply Chain Solutions and Track & Trace.
Company details
Modum was founded in 2016 in Zurich, Switzerland, and operates in the blockchain and supply chain sector. Sensor devices are created to monitor temperature during pharma shipments, ensuring compliance with GDP regulations. Data is transferred to a blockchain for immutability and public access, while smart contracts evaluate it against product attributes. Costs in the supply chain are reduced through these operations.
Funding Insights of Modum IO
Modum IO has successfully raised a total of $30.22K across 2 strategic funding rounds. The most recent funding activity was a Grant round of $20.54 thousand completed in November 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 $30,218
- Total Rounds 2
- Last Round Grant — $20,536
- First Round $30,218
(Jun 2016)
- Investors Count 2
All 2 funding rounds of Modum IO 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 |
|---|---|---|---|---|---|
| Nov 2016 | $20,536 | Grant | – | – | |
| Jun 2016 | $30,218 | Seed | – | – |
3 investors in total: 3 institutional.
Investors in Modum IO
Modum IO has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Roambee, Kickstart Innovation and Venture Kick.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| kickstart-innovation.com | ||||
University backed startup accelerator | venturekick.ch | Schlieren, Switzerland | ||
AI-enabled solutions for shipment monitoring and tracking are provided. | 2014 | roambee.com | Santa Clara, United States |
Investor details for Modum IO
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People of Modum IO
3 people are tracked at Modum IO (3 in leadership).
| Name | Role | Group |
|---|---|---|
Pascal Degen | Co-Founder | Leadership |
Simon Dossegger | CEO | Leadership |
Simon Dössegger | CEO | Leadership |
Complete people profiles for Modum IO
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Timeline of Modum IO
4 dated milestones of Modum IO across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Modum IO is founded.
- Funding First funding round of $30K.
- Funding Latest funding round, Grant, of $21K.
- Exit Acquired by Roambee.
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Frequently Asked Questions about Modum IO
Modum IO was founded in 2016.
Modum IO is headquartered in Zurich, Switzerland.
Simon Dossegger is the CEO of Modum IO, as recorded in our data.
Modum IO is a funded company, having raised a total of $30.22K across 2 funding rounds to date. The company's 1st funding round was a Seed of $30.22K, raised on Jun 2016.
Modum was founded in 2016 in Zurich, Switzerland, and operates in the blockchain and supply chain sector. Sensor devices are created to monitor temperature during pharma shipments, ensuring compliance with GDP regulations. Data is transferred to a blockchain for immutability and public access, while smart contracts evaluate it against product attributes. Costs in the supply chain are reduced through these operations.
Modum IO has 3 investors. Key investors include Roambee, Kickstart Innovation, and Venture Kick.
Yes. Modum IO was acquired by Roambee in June 2021.