About Modus Technologies
Modus Technologies is a company based in Seattle (United States) founded in 2018 by Abbas Guvenilir and Alex Day was acquired by Compass in October 2020.. Modus Technologies has raised $12.5 million across 1 funding round from investors including Compass, Rambleside Ventures and Pete Flint. Modus Technologies operates in a competitive market with competitors including Douglas Elliman, RE/MAX, Realogy, Lincoln Property Company and Veritas Investments, among others.
- Headquarter Seattle, United States
- Founders Abbas Guvenilir, Alex Day
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Sectors
Real Estate & Construction
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Email
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Phone
*********
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Website
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Social
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Funding Insights of Modus Technologies
Modus Technologies has successfully raised a total of $12.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $12.5 million completed in October 2019. 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 1
- Last Round Series A — $12.5M
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First Round
First Round
(31 Oct 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - Modus Technologies | Valuation | Pete Flint , NFX |
| 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 |
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Investors in Modus Technologies
Modus Technologies has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Compass, Rambleside Ventures and Pete Flint. 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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Private equity and venture capital are invested across multiple sectors.
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Venture capital and acceleration are provided to tech startups.
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Seed-stage startups are funded by this venture capital firm.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Modus Technologies
| 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 - Modus Technologies
| 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 |
Modus Technologies Comparisons
Competitors of Modus Technologies
Modus Technologies 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 Douglas Elliman, RE/MAX, Realogy, Lincoln Property Company and Veritas Investments, 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 |
Provider of real estate brokerage services for buying and selling residential & commercial property
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Global brokerage services are facilitated through a franchised agent network.
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| domain | founded_year | HQ Location |
Real estate brokerage franchising is operated under multiple brands worldwide.
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| domain | founded_year | HQ Location |
Lincoln Property Company is engaged in commercial real estate services and investment globally.
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| domain | founded_year | HQ Location |
Real estate service provider
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| domain | founded_year | HQ Location |
Chicago and the North Shore based luxury brokerage firm
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Modus Technologies
Frequently Asked Questions about Modus Technologies
When was Modus Technologies founded?
Modus Technologies was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Modus Technologies located?
Modus Technologies is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Modus Technologies?
Alex Day is the current CEO of Modus Technologies. They have also founded this company.
Is Modus Technologies a funded company?
Modus Technologies is a funded company, having raised a total of $12.5M across 1 funding round to date. The company's 1st funding round was a Series A of $12.5M, raised on Oct 31, 2019.
What does Modus Technologies do?
Modus Technologies is engaged in technology-related activities. Specific details about sectors, solutions, or services are not provided on the website. The scope of operations remains unclear due to limited information.
Who are the top competitors of Modus Technologies?
Modus Technologies's top competitors include Douglas Elliman, RE/MAX and @properties.
Who are Modus Technologies's investors?
Modus Technologies has 10 investors. Key investors include Compass, Rambleside Ventures, Pete Flint, 500 Global, and Hustle Fund.
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