United States · 
Who invested in Modulate?
Modulate's investors include Sierra Ventures, Lakestar, Hyperplane, Galaxy Interactive and Future Ventures, and 2 more on record.
20192020202120222023202420252026
$2.0MRound$30MSeries A$25MVenture
United States · Venture startup
Who invested in Modulate
Funding summaryUpdated 26 Oct 2026
$57Mraised across 3 rounds since 2019, from 4 sources
$2.0MRound$30MSeries A$25MVenture
- Latest round
- Venture, $25MSept 2026
- Biggest round
- $30MSeries A · Aug 2022
- Investors
- 7
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $2.0M Feb 2019
- Biggest round
- $30M Series A · Aug 2022
- Usual gap between rounds
- 4.1 years the median of 2
The rounds
- Sept 2026Venture$25M3 new3 returning
Reported by Google News search and 1 other
- Aug 2022
- Feb 2019Round$2.0M2 new
Hyperplane- 2Enable Partners
Reported by VentureBeatSEC filing: $1.5M sold, first sale Feb 2019
Founders and team
From Modulate's own website and the SEC filings it signed: 2 founders, 2 on the team.
Carter HuffmanCEO / Co-Founder
Mike PappasChairman / Co-Founder
- Michael Carter PappasExecutive Officer, Directori
- William Carter HuffmanExecutive Officer, Directori
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.
Round2019Series A2022Venture2026
Sierra Ventures
LakestarHyperplane
Galaxy Interactive
Future Ventures
Third Kind Venture Capital2Enable Partners
Sierra VenturesLakestarHyperplaneGalaxy InteractiveFuture VenturesThird Kind Venture Capital2Enable PartnersEveryone who backed them
2Enable Partnersno record of our own yet1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 2 firms list Modulate as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Modulate
How much has Modulate raised?
Modulate has raised $57M across 3 rounds since 2019.
When did Modulate last raise?
Modulate's most recent round was a Venture of $25M in Sept 2026.
What was Modulate's biggest round?
Modulate's largest round on record is $30M (Series A), in Aug 2022.
Who backed Modulate first?
Modulate's first round on record, in Feb 2019, was backed by Hyperplane and 2Enable Partners.
What stage is Modulate at?
Modulate's latest named round is a Venture, in Sept 2026.
Where is Modulate based?
Modulate is based in the United States.
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