What is Mode?
Headquartered in San Francisco and established in 2013, Mode operates at the intersection of business intelligence and data science. The company provides a comprehensive platform that empowers organizations to leverage data through personalized analytics, interactive visualization, and advanced predictive and prescriptive modeling. By bridging the gap between raw data and actionable insights, Mode serves as a critical infrastructure component for enterprises seeking to optimize decision-making processes. Its market position is defined by its ability to cater to both technical data scientists and business stakeholders, fostering a collaborative environment for data-driven strategy.
How much funding has Mode raised?
Mode has raised a total of $81.2M across 6 funding rounds:
Angel/Seed
$2.5M
Series A
$7.5M
Series B
$13.2M
Series C
$23M
Debt
$2M
Series D
$33M
Angel/Seed (2014): $2.6M with participation from Arnold Capital, Goldcrest, David Sacks, Formation8, and Panorama Point
Series A (2015): $7.5M led by Goldcrest Capital, Arnold Capital, and Foundation Capital
Series B (2017): $13.2M supported by REV Venture Partners and Foundation Capital
Series C (2019): $23M featuring Valor Equity Partners, Foundation Capital, and REV Venture Partners
Debt (2020): $2M backed by PPP
Series D (2020): $33M with participation from Valor Equity Partners, H.I.G. Growth Partners, Foundation Capital, REV Venture Partners, and Switch Ventures
Key Investors in Mode
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise.
REV Venture Partners
REV is a global venture capital partnership focused on transforming industries through the application of artificial intelligence, data, and analytics, often leading rounds and taking active board seats.
Valor Equity Partners
Valor Equity Partners provides financial services to businesses in the scope of investment activities, focusing on operational improvements and growth for its portfolio companies.
What's next for Mode?
Following the recent major strategic investment, Mode is well-positioned to accelerate its product roadmap and deepen its penetration into the enterprise market. The infusion of capital provides the necessary resources to enhance its predictive analytics capabilities and scale its operational infrastructure to meet increasing demand. As the company moves beyond its Series D stage, the focus will likely shift toward sustaining long-term growth, expanding its global reach, and maintaining its competitive edge in the rapidly evolving data analytics ecosystem. Strategic partnerships and continued innovation remain central to its objective of becoming the definitive platform for modern data teams.
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