# Modulr funding: rounds and investors

> Modulr has raised $134M across 3 rounds since 2018. Investors include Blenheim Chalcot, Frog Capital and General Atlantic. Every round with its source.

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

United Kingdom · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Modulr*

3 rounds we have observed, with the 4 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.

Financial Services Fintech

Funding summary Updated 26 Oct 2026

**$134M** raised across 3 rounds since 2018, from 3 sources

**$14M** Round **$18M** Round **$103M** Series C

- **Latest round:** Series C, $103M May 2022
- **Step-up i:** 5.7×
- **Investors:** 4 (2 led)

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

**$14M** Round

**$18M** Round

**$103M** Series C

- **First round:** Round, $14M
- **Biggest round:** $103M
- **Usual gap between rounds:** 2.9 years

[**Modulr** Financial services 1 / 11 Their pitch deck **Modulr's pitch deck, 11 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/modulr)

## The rounds

- **May 2022** Series C **$103M** *2 new* [General Atlantic](https://millionrounds.com/fund/general-atlantic) [Highland Europe](https://millionrounds.com/fund/highland-europe) Source recorded
- **May 2019** Round **$18M** *1 new* *1 returning* [Frog Capital](https://millionrounds.com/fund/frog-capital) Lead [Blenheim Chalcot](https://millionrounds.com/fund/blenheim-chalcot) Reported by Finextra
- **Sept 2018** Round **$14M** *1 new* [Blenheim Chalcot](https://millionrounds.com/fund/blenheim-chalcot) Lead Reported by Uktech

## 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** 2018 **Round** 2019 **Series C** 2022 [Blenheim Chalcot](https://millionrounds.com/fund/blenheim-chalcot) L [Frog Capital](https://millionrounds.com/fund/frog-capital) L [General Atlantic](https://millionrounds.com/fund/general-atlantic) [Highland Europe](https://millionrounds.com/fund/highland-europe)

## Everyone who backed them

[Blenheim Chalcot](https://millionrounds.com/fund/blenheim-chalcot) Accelerator **2** rounds, led 1

[Frog Capital](https://millionrounds.com/fund/frog-capital) VC firm **1** round, led 1

[General Atlantic](https://millionrounds.com/fund/general-atlantic) Private equity **1** round

[Highland Europe](https://millionrounds.com/fund/highland-europe) VC firm **1** round

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

## Also claim to have backed them

This firm lists Modulr 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.

[Dan Cobley](https://millionrounds.com/fund/dan-cobley) Angel Per its own site

## Quick answers about Modulr

### Who invested in Modulr?

Modulr's investors include Blenheim Chalcot, Frog Capital, General Atlantic and Highland Europe.

### How much has Modulr raised?

Modulr has raised $134M across 3 rounds since 2018.

### When did Modulr last raise?

Modulr's most recent round was a Series C of $103M in May 2022.

### What was Modulr's biggest round?

Its most recent round, $103M in May 2022, is also its largest on record.

### Who backed Modulr first?

Modulr's first round on record, in Sept 2018, was backed by Blenheim Chalcot.

### What stage is Modulr at?

Modulr's latest named round is a Series C, in May 2022.

### Where is Modulr based?

Modulr is based in the United Kingdom.

### Who led Modulr's rounds?

Blenheim Chalcot led the Undisclosed round in 2018; Frog Capital led the Undisclosed round in 2019.

## Companies like Modulr

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

[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Reactive Markets** Oct 2026](https://millionrounds.com/company/reactive-markets)[**IMMIX** $6.2M · Oct 2026](https://millionrounds.com/company/immix)[**TrueLayer** $376M · Oct 2026](https://millionrounds.com/company/truelayer)[**PlannerPal** $6.0M · Oct 2026](https://millionrounds.com/company/plannerpal)[**ELEMENTARYb** $4.2M · Sept 2026](https://millionrounds.com/company/elementaryb)

## Find investors like these

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