What is Modal?
Founded in 2021 and headquartered in San Francisco, CA, Modal operates within the burgeoning edtech sector, focusing on providing a comprehensive technical training platform. The company aims to bridge the skills gap by offering specialized training programs designed to equip individuals with the in-demand technical competencies required by today's enterprises. Modal's approach emphasizes practical, hands-on learning experiences, positioning it as a key player in the future of professional development and upskilling.
How much funding has Modal raised?
Modal has raised a total of $31.7M across 2 funding rounds:
Unspecified
$6.7M
Series A
$25M
Unspecified (2022): $6.7M with participation from Norwest Venture Partners, Signalfire, Bling Capital, and Learn Capital
Series A (2024): $25M led by Ensemble VC, Learn Capital, Left Lane Capital, and SignalFire
Key Investors in Modal
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm founded in 1961, known for its extensive experience in supporting companies across various sectors.
Bling Capital
Bling Capital is an early-stage venture fund that supports entrepreneurs in achieving product-market fit and scaling their businesses, with a notable portfolio including Lyft and Palantir.
Learn Capital
Learn Capital is a Silicon Valley-based venture capital fund specializing in education technology, backing companies that enhance learning worldwide since 2009.
What's next for Modal?
The recent major strategic investment signals a pivotal growth phase for Modal. This influx of capital is expected to fuel product development, expand market reach, and enhance the platform's capabilities. With a clear focus on scaling its operations and deepening its impact on the technical training landscape, Modal is poised to further solidify its position as a leader in the edtech industry, addressing critical needs for skilled talent in the enterprise sector.
See full Modal company page
