What is Mode?
Headquartered in San Francisco, California, and founded in 2013, Mode operates at the intersection of business intelligence and data science. The company's platform is designed to empower organizations with advanced analytical capabilities, offering features such as personalized analytics, interactive dashboards, predictive modeling, and prescriptive analytics. Mode's approach combines the accessibility of business intelligence tools with the sophisticated power of data science, enabling users to derive deeper insights and make more informed decisions from their data.
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 Panorama Point, Formation8, Arnold Capital, David Sacks, and Goldcrest
Series A (2015): $7.5M led by Goldcrest Capital, Foundation Capital, and Arnold Capital
Series B (2017): $13.2M supported by REV Venture Partners and Foundation Capital
Series C (2019): $23M featuring REV Venture Partners, Foundation Capital, and Valor Equity Partners
Debt (2020): $2M backed by PPP
Series D (2020): $33M with participation from Switch Ventures, Foundation Capital, H.I.G. Growth Partners, REV Venture Partners, and Valor Equity Partners
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. With a history of backing transformative ideas, the firm focuses on innovation that reshapes industries, guided by a strong belief in conviction, collaboration, and a commitment to lasting impact.
H.I.G. Growth Partners
H.I.G. Capital is a leading global alternative investment firm with billions of capital under management*, with a focus on the mid cap segment of the market. For over years, the H.I.G. platform has created long-term value across a range of strategies including private equity, growth equity, direct lending, special situations credit, real estate, infrastructure, and growth-stage healthcare.
REV Venture Partners
REV is a global venture capital partnership focused on transforming industries through the application of artificial intelligence, data, and analytics. Founded in 2000 and backed by RELX Group, REV invests in early to mid-stage companies, often leading rounds and taking active board seats. Their portfolio includes innovative companies across various sectors, such as legal technology, cybersecurity, and precision agriculture. REV seeks to support ambitious entrepreneurs and management teams dedicated to disrupting their markets and building category leaders.
What's next for Mode?
With a history of consistent funding rounds, including Series A through Series D, Mode has demonstrated a clear growth trajectory and market validation. The recent major strategic investment, contextualized by its enterprise-level funding status, indicates a phase of accelerated growth and market penetration. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its market reach, and potentially exploring new verticals or strategic partnerships. The company's focus on combining BI with data science positions it well to capitalize on the increasing demand for data-driven decision-making across industries.
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