Overview
Modal, based in New York, United States, has raised $87M in a Series B round on Sep 29, 2025, with participation from Lux Capital. The company aI infrastructure that developers love. The round will be used to accelerate product development, expand the team, and scale go-to-market operations.
Operating in the software development sector, Modal is positioned to capitalize on growing demand for innovative solutions in this space. The company was founded in 2021 by Erik Bernhardsson. Erik brings deep domain expertise and a track record of execution that attracted investor confidence in this round. With fresh capital, the company is expected to invest heavily in R&D and talent acquisition, signaling a period of aggressive growth ahead.
Market Outlook
The successful raise validates Modal's approach and market opportunity. Industry analysts note that companies at this funding stage typically grow headcount by 40-60% within 12 months and make significant technology purchasing decisions in the first quarter post-funding. This makes Modal's leadership team particularly valuable contacts for B2B outreach in the near term.
Why contact Modal now
Modal's $87M Series B raise signals serious investor confidence in their software development play. In the first 90 days post-funding, startups are 3x more likely to respond to outreach and evaluate new partnerships. Their team is hiring, their budget is unlocked, and they need solutions yesterday.
Founders & Contacts
Investors
Company Facts
| Company | Modal |
| Amount Raised | $87M |
| Funding Round | Series B |
| Date Raised | Sep 29, 2025 |
| Founded | 2021 |
| Industry | Software Development |
| Founders | Erik Bernhardsson |
| HQ Location | New York, United States |
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