# Modulus funding: rounds and investors

> Modulus has raised $6.6M across 3 rounds since 2012. Investors include The Brandery, Floodgate and Variant. Every round with its source.

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

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

# Who invested in *Modulus*

3 rounds we have observed, with the 3 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.

AI

Funding summary Updated 26 Oct 2026

**$6.6M** raised across 3 rounds since 2012, from 3 sources

**$20K** Seed **$250K** Seed **$6.3M** Seed

- **Latest round:** Seed, $6.3M Nov 2023
- **Step-up i:** 25.2×
- **Investors:** 3

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.

2012 2014 2016 2018 2020 2022

**$20K** Seed

**$250K** Seed

**$6.3M** Seed

- **First round:** Seed, $20K
- **Biggest round:** $6.3M
- **Usual gap between rounds:** 10.8 years

## The rounds

- **Nov 2023** Seed **$6.3M** *2 new* [Floodgate](https://millionrounds.com/fund/floodgate) [Variant](https://millionrounds.com/fund/variant) Source recorded
- **Jan 2013** Seed **$250K** *1 returning* [The Brandery](https://millionrounds.com/fund/the-brandery) From a historical funding record
- **Jul 2012** Seed **$20K** *1 new* [The Brandery](https://millionrounds.com/fund/the-brandery) Reported by enterchange.cincinnati.com

## 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.

**Seed** 2012 **Seed** 2013 **Seed** 2023 [The Brandery](https://millionrounds.com/fund/the-brandery) [Floodgate](https://millionrounds.com/fund/floodgate) [Variant](https://millionrounds.com/fund/variant)

## The exit

Exit Buyer Price When

Acquired Progress Software undisclosed Jun 2014

From historical deal records. Wrong? [Tell us](https://millionrounds.com/corrections?slug=modulus).

## Everyone who backed them

[The Brandery](https://millionrounds.com/fund/the-brandery) Accelerator **2** rounds

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

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

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

## Quick answers about Modulus

### Who invested in Modulus?

Modulus's investors include The Brandery, Floodgate and Variant.

### How much has Modulus raised?

Modulus has raised $6.6M across 3 rounds since 2012.

### When did Modulus last raise?

Modulus's most recent round was a Seed of $6.3M in Nov 2023.

### What was Modulus's biggest round?

Its most recent round, $6.3M in Nov 2023, is also its largest on record.

### Who backed Modulus first?

Modulus's first round on record, in Jul 2012, was backed by The Brandery.

### What stage is Modulus at?

Modulus's latest named round is a Seed, in Nov 2023.

### Where is Modulus based?

Modulus is based in the United States.

## Companies like Modulus

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

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)

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