What is Modmo?
Founded in 2020 and based in Ireland, Modmo is dedicated to accelerating the adoption of cycling as a primary mode of urban transport. The company operates within the burgeoning micromobility sector, aiming to provide sustainable and efficient transportation solutions for city dwellers. Its mission aligns with global trends towards greener urban logistics and personal mobility.
How much funding has Modmo raised?
Modmo has raised a total of $9.7M across 1 funding round:
Angel/Seed
$9.7M
Angel/Seed (2022): $9.7M with participation from Sean Mulryan
What's next for Modmo?
The recent major strategic investment signals a pivotal growth phase for Modmo. This significant backing, likely from strategic partners interested in the urban mobility and sustainable transport sectors, will probably fuel product development, market expansion, and operational scaling. Modmo is positioned to further solidify its presence in the competitive cycling market, leveraging this capital to enhance its offerings and reach a wider customer base.
See full Modmo company page
