# Modulo Bio funding: rounds and investors

> Modulo Bio has raised $4.8M across 1 round since 2025. Investors include Initialized Capital, Builders VC and Refactor Capital. Every round with its source.

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

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

# Who invested in *Modulo Bio*

One round we have observed, with the 5 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.

Pharma

Funding summary Updated 26 Oct 2026

**$4.8M** raised across 1 round since 2025, from 1 source

- **Latest round:** Seed, $4.8M Mar 2025
- **Investors:** 5

See who backed them

## The rounds

- **Mar 2025** Seed **$4.8M** [Initialized Capital](https://millionrounds.com/fund/initialized-capital) [Builders VC](https://millionrounds.com/fund/builders-vc) [Refactor Capital](https://millionrounds.com/fund/refactor-capital) [Spacecadet](https://millionrounds.com/fund/spacecadet) [Cantos](https://millionrounds.com/fund/cantos) Source recorded SEC filing: $5.8M sold, first sale Nov 2024

## Founders and team

From Modulo Bio's own website: 2 founders, 2 on the team.

**Mike Horowitz** CEO & Co-founder

**Scott Patterson** CTO & Co-founder

- **Apuleyo Yanez** Research Associate
- **Hannah Zheng** Senior Research Associate

## Everyone who backed them

[Initialized Capital](https://millionrounds.com/fund/initialized-capital) VC firm **1** round

[Builders VC](https://millionrounds.com/fund/builders-vc) VC firm **1** round

[Refactor Capital](https://millionrounds.com/fund/refactor-capital) VC firm **1** round

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

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

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

## Quick answers about Modulo Bio

### Who invested in Modulo Bio?

Modulo Bio's investors include Initialized Capital, Builders VC, Refactor Capital, Spacecadet and Cantos.

### How much has Modulo Bio raised?

Modulo Bio has raised $4.8M across 1 round since 2025.

### When did Modulo Bio last raise?

Modulo Bio's most recent round was a Seed of $4.8M in Mar 2025.

### What was Modulo Bio's biggest round?

Its most recent round, $4.8M in Mar 2025, is also its largest on record.

### Who backed Modulo Bio first?

Modulo Bio's first round on record, in Mar 2025, was backed by Initialized Capital, Builders VC and Refactor Capital and 2 others.

### What stage is Modulo Bio at?

Modulo Bio's latest named round is a Seed, in Mar 2025.

### Where is Modulo Bio based?

Modulo Bio is based in the United States.

## Companies like Modulo Bio

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

[**Matchpoint Therapeutics** $220M · Oct 2026](https://millionrounds.com/company/matchpoint-therapeutics)[**Rx Bandz** Oct 2026](https://millionrounds.com/company/rx-bandz)[**Hera Biotech** $1.8M · Sept 2026](https://millionrounds.com/company/hera-biotech)[**GevRx Nutraceuticals** $300K · Sept 2026](https://millionrounds.com/company/gevrx-nutraceuticals)[**RegCell** $81M · Sept 2026](https://millionrounds.com/company/regcell)[**ClearSight Therapeutics** $307K · Sept 2026](https://millionrounds.com/company/clearsight-therapeutics)

## Find investors like these

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