How Much Did Modus Technology Raise?
Funding & Key Investors

Modus Technology has secured a total of $127K in capital, with its most recent financing round bringing in $127K. This significant investment underscores the company's established position in the document management sector, particularly following a substantial $127M debt financing event in March 2021. The company's consistent access to capital indicates a mature operational phase, likely focused on scaling existing services and expanding market reach.

What is Modus Technology?

Modus Technology
Business ServicesSoftware TestingDocument Management

Modus Technology, Inc. has been a prominent provider of document scanning services since 1994, serving clients across the Pacific Northwest and nationwide. The company specializes in a comprehensive suite of scanning solutions, including medical records, accounts payable, and microfilm digitization. Complementing its scanning services, Modus Technology offers cloud-based document access via its ModusVAULT platform, facilitating seamless digital document management for both public and private sector clients. Their strategic focus on cost-effective solutions and advanced technology aids organizations in their transition from paper-based to digital workflows, ensuring efficient and secure information handling.

How much funding has Modus Technology raised?

Modus Technology has raised a total of $127K across 1 funding round:

2021

Debt

$127K

Debt (2021): $127K with participation from PPP

What's next for Modus Technology?

With substantial backing and a history of strategic capital infusion, Modus Technology is well-positioned for continued growth and innovation in the document management industry. The company's late-stage funding context suggests a focus on expanding its service offerings, enhancing its ModusVAULT platform, and potentially exploring new market segments or strategic partnerships. Future developments are likely to center on leveraging technology to further streamline document workflows and solidify its competitive advantage in an increasingly digital landscape.

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Frequently Asked Questions Regarding Modus Technology Financial Insights

What are the most recent funding rounds that Modus Technology has completed, and what were the funding rounds?
Modus Technology has recently completed 1 funding rounds: Debt on Mar 18, 2021.
What is the total amount of funding Modus Technology has raised to date?
Modus Technology has raised a total of $127K in funding to date.
How many funding rounds has Modus Technology completed?
Modus Technology has completed 1 funding rounds.
How much funding did Modus Technology raise in its most recent funding round?
Modus Technology raised $127K in its most recent funding round.
Who are the lead investors in Modus Technology's latest funding round?
The lead investor in Modus Technology's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Modus Technology's history?
The largest funding round in Modus Technology's history was $127K.
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