# Modern Democracy funding: rounds and investors

> Modern Democracy has raised $2.1M across 2 rounds since 2022. Investors include Techstart Ventures and HBAN. Every round with its source.

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

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

# Who invested in *Modern Democracy*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Govtech

Funding summary Updated 26 Oct 2026

**$2.1M** raised across 2 rounds since 2022, from 2 sources

**$816K** Pre-seed **$1.3M** Round

- **Latest round:** Round, $1.3M Aug 2023
- **Step-up i:** 1.5×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2023

**$816K** Pre-seed

**$1.3M** Round

- **First round:** Pre-seed, $816K
- **Biggest round:** $1.3M
- **Between rounds:** 12 months

## The rounds

- **Aug 2023** Round **$1.3M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Aug 2022** Pre-seed **$816K** *2 new* [Techstart Ventures](https://millionrounds.com/fund/techstart-ventures) [HBAN](https://millionrounds.com/fund/hban) Source recorded

## Funding filed with regulators

Modern Democracy filed 2 raises, $1.3M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Sept 2023 **$275K** UK share allotment
- Aug 2023 **$982K** UK share allotment

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Pre-seed** 2022 **Round** 2023 [Techstart Ventures](https://millionrounds.com/fund/techstart-ventures) [HBAN](https://millionrounds.com/fund/hban)

## Everyone who backed them

[Techstart Ventures](https://millionrounds.com/fund/techstart-ventures) VC firm **1** round

[HBAN](https://millionrounds.com/fund/hban) Angel network **1** round

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

## Quick answers about Modern Democracy

### Who invested in Modern Democracy?

Modern Democracy's investors include Techstart Ventures and HBAN.

### How much has Modern Democracy raised?

Modern Democracy has raised $2.1M across 2 rounds since 2022.

### When did Modern Democracy last raise?

Modern Democracy's most recent round, $1.3M, was in Aug 2023.

### What was Modern Democracy's biggest round?

Its most recent round, $1.3M in Aug 2023, is also its largest on record.

### Who backed Modern Democracy first?

Modern Democracy's first round on record, in Aug 2022, was backed by Techstart Ventures and HBAN.

### What stage is Modern Democracy at?

Modern Democracy's latest named round is a Pre-seed, in Aug 2022.

### Where is Modern Democracy based?

Modern Democracy is based in Ireland.

## Companies like Modern Democracy

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

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