# Modo Labs funding: rounds and investors > Modo Labs has raised $18M across 5 rounds since 2010. Investors include Storm Ventures, M Ventures and Education Growth Partners. Every round with its source. Source: https://millionrounds.com/company/modo-labs (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Modo Labs* 5 rounds we have observed, with the 5 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. Consumer Apps Software Funding summary Updated 26 Oct 2026 **$18M** raised across 5 rounds since 2010, from 5 sources **$1.0M** Venture **$2.0M** Seed **$4.0M** Venture **$1.1M** Debt **$10M** Series B - **Latest round:** Series B, $10M Jul 2016 - **Step-up i:** 9.5× - **Investors:** 5 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. 2010 2011 2012 2013 2014 2015 2016 **$1.0M** Venture **$2.0M** Seed **$4.0M** Venture **$1.1M** Debt **$10M** Series B - **First round:** Venture, $1.0M - **Biggest round:** $10M - **Usual gap between rounds:** 17 months ## The rounds - **Jul 2016** Series B **$10M** *3 new* *1 returning* [Storm Ventures](https://millionrounds.com/fund/storm-ventures) [M Ventures](https://millionrounds.com/fund/m-ventures) [Education Growth Partners](https://millionrounds.com/fund/egp) New Magellan Ventures & Storm Ventures Reported by FinSMEs SEC filing: $10M sold, first sale Jun 2016 - **Oct 2015** Debt **$1.1M** No investor was named in the report. From a historical funding record SEC filing: $1.1M sold, first sale Oct 2015 - **Nov 2011** Venture **$4.0M** *2 new* [Storm Ventures](https://millionrounds.com/fund/storm-ventures) New Magellan Ventures Reported by masshightech.com SEC filing: $2.0M sold, first sale Oct 2011 - **Oct 2011** Seed **$2.0M** No investor was named in the report. Reported by sec.gov SEC filing: $2.0M sold, first sale Oct 2011 - **May 2010** Venture **$1.0M** No investor was named in the report. Reported by sec.gov SEC filing: $1.0M sold, first sale Apr 2010 ## Founders and team From Modo Labs's own website and the SEC filings it signed: 2 founders, 8 on the team. **Andrew Yu** Founder and President *Named on its 2020 Form D* **Eric Kim** Co-Founder and Chief Creative Officer *Named on its 2020 Form D* - **Sean Kae** Chief Executive Officer - **Diane Carlson** Chief Marketing Officer - **Jen Stephens** Chief Financial Officer - **Mark Peterson** Chief Information Security Officer - **Andrew Umans** GM, Higher Education, and VP, Strategy & Partnerships - **Mark Howden** VP of Client Services - **Pete Akins** VP of Engineering - **Stewart Elliot** Executive Officer, Director i On the board, as filed i *Andrew Kaplan* *Richard Lawless* *Tae Hea Nahm* ## 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. **Venture** 2010 **Seed** 2011 **Venture** 2011 **Debt** 2015 **Series B** 2016 [Storm Ventures](https://millionrounds.com/fund/storm-ventures) [M Ventures](https://millionrounds.com/fund/m-ventures) [Education Growth Partners](https://millionrounds.com/fund/egp) New Magellan Ventures New Magellan Ventures & Storm Ventures ## Everyone who backed them [Storm Ventures](https://millionrounds.com/fund/storm-ventures) VC firm **2** rounds [M Ventures](https://millionrounds.com/fund/m-ventures) Corporate VC **1** round [Education Growth Partners](https://millionrounds.com/fund/egp) Private equity **1** round New Magellan Ventures no record of our own yet **1** round New Magellan Ventures & Storm Ventures no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=modo-labs). ## Also claim to have backed them This firm lists Modo Labs as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [Sand Hill East](https://millionrounds.com/fund/sand-hill-east) VC firm Per its own site ## Quick answers about Modo Labs ### Who invested in Modo Labs? Modo Labs's investors include Storm Ventures, M Ventures, Education Growth Partners, New Magellan Ventures and New Magellan Ventures & Storm Ventures. ### How much has Modo Labs raised? Modo Labs has raised $18M across 5 rounds since 2010. ### When did Modo Labs last raise? Modo Labs's most recent round was a Series B of $10M in Jul 2016. ### What was Modo Labs's biggest round? Its most recent round, $10M in Jul 2016, is also its largest on record. ### Who backed Modo Labs first? Modo Labs's first round on record, in Nov 2011, was backed by Storm Ventures and New Magellan Ventures. ### What stage is Modo Labs at? Modo Labs's latest named round is a Series B, in Jul 2016. ### Where is Modo Labs based? Modo Labs is based in the United States. ## Companies like Modo Labs In the same sector, and raised in the last eighteen months. [**TruAgents** $3.4M · Oct 2026](https://millionrounds.com/company/truagents)[**VECKTA** $11M · Oct 2026](https://millionrounds.com/company/veckta)[**Fireworks AI** $1.7B · Oct 2026](https://millionrounds.com/company/fireworks-ai)[**Punch** $11M · Oct 2026](https://millionrounds.com/company/punch)[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)[**Othello** $8.0M · Oct 2026](https://millionrounds.com/company/othello) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app