# ModernFi funding: rounds and investors

> ModernFi has raised $30M across 1 round since 2025. Investors include Canapi Ventures, Andreessen Horowitz and NAP. Every round with its source.

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

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *ModernFi*

One round we have observed, with the 4 investors 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.

Fintech

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Funding summary Updated 15 Nov 2026

**$30M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series B, $30M Sept 2025
- **Led by:** Canapi Ventures
- **Investors:** 4 (1 led)

See who backed them

## The rounds

- **Sept 2025** Series B **$30M** [Canapi Ventures](https://millionrounds.com/fund/canapi-ventures) Lead [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [NAP](https://millionrounds.com/fund/nap) [Curql](https://millionrounds.com/fund/curql) Reported by AlleyWatch SEC filing: $29M sold, first sale Jun 2025

## Funding filed with regulators

ModernFi filed 3 raises, $39M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jun 2025 **$29M** 5 investors of $30M offered SEC Form D
- Jul 2024 **$5.0M** 4 investors SEC Form D
- May 2022 **$4.5M** 11 investors equity SEC Form D

## Founders and team

From ModernFi's own website: 1 founder, 15 on the team.

**Neil Underwood** Co-founder & Managing Partner

- **Alberto J. Paracchini** President & CEO
- **Amanda Stevens** CEO
- **Christopher D. Maher** Chairman & CEO
- **John Asbury** CEO
- **Kenneth Kelly** Chairman & CEO
- **Amit Dhingra** Chief Enterprise Payments Officer
- **Hope Dmuchowski** CFO
- **Karla X. Villatoro de Friedman** Chief Deposit & Administrative Officer & Corporate Secretary
- **Robert Turbeville** Chief Lending Officer / SEVP
- **Tim Bowler** Chief Innovation Officer, Fixed Income & Data Services
- **Travis Lan** CFO
- **David Haber** General Partner
- **First Independence Bank** Executive Chairman
- **Frank DiPuma** EVP, Director of Enterprise Commercial Products
- **Gene Ludwig** Cofounder & Managing Partner

## Everyone who backed them

[Canapi Ventures](https://millionrounds.com/fund/canapi-ventures) VC firm **1** round, led 1

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round

[NAP](https://millionrounds.com/fund/nap) VC firm **1** round

[Curql](https://millionrounds.com/fund/curql) VC firm **1** round

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

## Quick answers about ModernFi

### Who invested in ModernFi?

ModernFi's investors include Canapi Ventures, Andreessen Horowitz, NAP and Curql. Canapi Ventures led its latest round.

### How much has ModernFi raised?

ModernFi has raised $30M across 1 round since 2025.

### When did ModernFi last raise?

ModernFi's most recent round was a Series B of $30M in Sept 2025, led by Canapi Ventures.

### What was ModernFi's biggest round?

Its most recent round, $30M in Sept 2025, is also its largest on record.

### Who backed ModernFi first?

ModernFi's first round on record, in Sept 2025, was backed by Canapi Ventures, Andreessen Horowitz and NAP and 1 others.

### What stage is ModernFi at?

ModernFi's latest named round is a Series B, in Sept 2025.

### Where is ModernFi based?

ModernFi is based in the United States.

### Who led ModernFi's rounds?

Canapi Ventures led the Series B in 2025.

## Companies like ModernFi

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

[**Axle** $12M · Nov 2026](https://millionrounds.com/company/axle)[**Databento** $197M · Nov 2026](https://millionrounds.com/company/databento)[**NYSHEX** Nov 2026](https://millionrounds.com/company/nyshex)[**Imprint** $335M · Nov 2026](https://millionrounds.com/company/imprint)[**Marble** $75M · Nov 2026](https://millionrounds.com/company/marble)[**Alta** $116M · Nov 2026](https://millionrounds.com/company/alta)

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