# Modem funding: rounds and investors

> Modem has raised $4.4M across 1 round since 2026. Investors include Inovia Capital. Every round with its source.

Source: https://millionrounds.com/company/modem (Millionrounds; every figure on the page links to its filing or article)

Canada · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Modem*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Software

Raised 9 months ago

Funding summary Updated 26 Oct 2026

**$4.4M** raised across 1 round since 2026, from 1 source

- **Latest round:** Pre-seed, $4.4M Feb 2026
- **Investors:** 1

See who backed them

## The rounds

- **Feb 2026** Pre-seed **$4.4M** [Inovia Capital](https://millionrounds.com/fund/inovia-capital) Source recorded

## Founders and team

From Modem's own website: 2 founders, 1 on the team.

**Ben Vinegar** Co-founder · CEO

**Mike Clarke** Co-founder · CTO

- **Chris Clark** Design Engineer

## Everyone who backed them

[Inovia Capital](https://millionrounds.com/fund/inovia-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=modem).

## Quick answers about Modem

### Who invested in Modem?

Modem's investors include Inovia Capital.

### How much has Modem raised?

Modem has raised $4.4M across 1 round since 2026.

### When did Modem last raise?

Modem's most recent round was a Pre-seed of $4.4M in Feb 2026.

### What was Modem's biggest round?

Its most recent round, $4.4M in Feb 2026, is also its largest on record.

### Who backed Modem first?

Modem's first round on record, in Feb 2026, was backed by Inovia Capital.

### What stage is Modem at?

Modem's latest named round is a Pre-seed, in Feb 2026.

### Where is Modem based?

Modem is based in Canada.

## Companies like Modem

In the same sector, and raised in the last eighteen months.

[**Innerlogic** $12M · Jul 2026](https://millionrounds.com/company/inner-logic)[**Beacon Software** $475M · Jun 2026](https://millionrounds.com/company/beacon-software)[**Laminar** $15M · Mar 2026](https://millionrounds.com/company/laminar)[**PhenoTips** $2.0M · Mar 2026](https://millionrounds.com/company/phenotips)[**Billdr Pro** $3.2M · Jan 2026](https://millionrounds.com/company/billdr-pro)[**Yolando** $8.5M · Jan 2026](https://millionrounds.com/company/yolando)

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