Modal

company

About

Modal provides digital commerce for auto dealers and brands.

  • 11 - 50

Details

Last Funding Type
Seed
Last Funding Money Raised
$1.50M
Industries
Automotive,E-Commerce,Mobile,Software
Founded date
Jan 1, 2015
Number Of Employee
11 - 50
Operating Status
Active

At Modal, we build the future of auto commerce for the world’s largest auto brands and retailers. We take the moving parts of an auto purchase transaction and assemble them into a simple, digital transaction flow that seamlessly fits any webpage and transforms any showroom.

We are a team of leaders from the world’s top technology companies like Google, Facebook, Tesla, Paypal, Accenture and backed by notable investors like Y Combinator, Peter Thiel, Khosla Ventures, and Ally Financial.

With our commerce, design, and technology expertise, we’re not just modernizing auto retail, we’re redefining auto ownership. To quote Peter Thiel, Modal is a “complex coordination” of many different technologies, driving billions of dollars in transaction volume every year.

The company was founded in 2015 and is headquartered in San Francisco, California.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$1.50M
Modal has raised a total of $1.50M in funding over 2 rounds. Their latest funding was raised on Mar 22, 2016 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 22, 2016 Seed $1.50M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Modal is funded by 1 investors. Propel VC are the most recent investors.
Investor Name Lead Investor Funding Round
Propel VC Seed