# Modulate funding: rounds and investors > Modulate has raised $57M across 3 rounds since 2019. Investors include Sierra Ventures, Lakestar and Hyperplane. Every round with its source. Source: https://millionrounds.com/company/modulate (Millionrounds; every figure on the page links to its filing or article) United States · [Venture startup](https://millionrounds.com/companies) # Who invested in *Modulate* 3 rounds we have observed, with the 7 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. Entertainment Raised 2 months ago Funding summary Updated 26 Oct 2026 **$57M** raised across 3 rounds since 2019, from 4 sources **$2.0M** Round **$30M** Series A **$25M** Venture - **Latest round:** Venture, $25M Sept 2026 - **Biggest round:** $30M Series A · Aug 2022 - **Investors:** 7 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. 2019 2020 2021 2022 2023 2024 2025 2026 **$2.0M** Round **$30M** Series A **$25M** Venture - **First round:** Round, $2.0M - **Biggest round:** $30M - **Usual gap between rounds:** 4.1 years ## The rounds - **Sept 2026** Venture **$25M** *3 new* *3 returning* [Sierra Ventures](https://millionrounds.com/fund/sierra-ventures) [Lakestar](https://millionrounds.com/fund/lakestar) [Galaxy Interactive](https://millionrounds.com/fund/galaxy-interactive-2) [Future Ventures](https://millionrounds.com/fund/future-ventures-4) [Third Kind Venture Capital](https://millionrounds.com/fund/third-kind-venture-capital) [Hyperplane](https://millionrounds.com/fund/hyperplane) Reported by Google News search and 1 other - **Aug 2022** Series A **$30M** *2 new* [Sierra Ventures](https://millionrounds.com/fund/sierra-ventures) [Lakestar](https://millionrounds.com/fund/lakestar) Source recorded - **Feb 2019** Round **$2.0M** *2 new* [Hyperplane](https://millionrounds.com/fund/hyperplane) 2Enable Partners Reported by VentureBeat SEC 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 Huffman** CEO / Co-Founder **Mike Pappas** Chairman / Co-Founder - **Michael Carter Pappas** Executive Officer, Director i - **William Carter Huffman** Executive Officer, Director i ## 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. **Round** 2019 **Series A** 2022 **Venture** 2026 [Sierra Ventures](https://millionrounds.com/fund/sierra-ventures) [Lakestar](https://millionrounds.com/fund/lakestar) [Hyperplane](https://millionrounds.com/fund/hyperplane) [Galaxy Interactive](https://millionrounds.com/fund/galaxy-interactive-2) [Future Ventures](https://millionrounds.com/fund/future-ventures-4) [Third Kind Venture Capital](https://millionrounds.com/fund/third-kind-venture-capital) 2Enable Partners ## Everyone who backed them [Sierra Ventures](https://millionrounds.com/fund/sierra-ventures) VC firm **2** rounds [Lakestar](https://millionrounds.com/fund/lakestar) VC firm **2** rounds [Hyperplane](https://millionrounds.com/fund/hyperplane) VC firm **2** rounds [Galaxy Interactive](https://millionrounds.com/fund/galaxy-interactive-2) VC firm **1** round [Future Ventures](https://millionrounds.com/fund/future-ventures-4) VC firm **1** round [Third Kind Venture Capital](https://millionrounds.com/fund/third-kind-venture-capital) VC firm **1** round 2Enable Partners 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=modulate). ## 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. [Future Ventures](https://millionrounds.com/fund/future-ventures) VC firm Per its own site [Quadri](https://millionrounds.com/fund/quadri) VC firm Per its own site ## Quick answers about Modulate ### Who invested in Modulate? Modulate's investors include Sierra Ventures, Lakestar, Hyperplane, Galaxy Interactive and Future Ventures, and 2 more on record. ### 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. ## Companies like Modulate In the same sector, and raised in the last eighteen months. [**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Clueso** $11M · Oct 2026](https://millionrounds.com/company/clueso)[**Notey** $3.0M · Oct 2026](https://millionrounds.com/company/notey)[**Gardens Interactive** $35M · Oct 2026](https://millionrounds.com/company/gardens-interactive)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime)[**CreatorFi** $85M · Sept 2026](https://millionrounds.com/company/creatorfi) ## 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