When was Modal founded?

Modal was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Modal located?

Modal is headquartered in San Francisco, United States.

Who is the current CEO of Modal?

Darren Shimkus of Modal. They have also founded 1 company.

How many employees does Modal have?

As of Jun 30, 2026, the latest employee count at Modal is 146.

Is Modal a funded company?

Modal is a funded company, having raised a total of $31.8M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 09, 2022.

When was the latest funding round of Modal?

Modal's latest funding was a $***** Series A round on Apr 02, 2024, with participation from 4 investors.

Where does Modal rank among its competitors?

Modal ranks 38th amongst 2154 active competitors, of which 195 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Multiverse, which secured $70M in May, 2026.

Who are the top competitors of Modal?

Modal's top competitors include Cornerstone, Go1 and Multiverse. Among them, Multiverse secured the most recent funding round in May, 2026.

Modal - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: www.modallearning.com
Social

Key Metrics

Founded Year

2020

Location

San Francisco, United States

Stage

Series A

Total Funding

$31.8M in 2 rounds

Latest Funding Round

Series A, Apr 02, 2024, $*****

Investors

Left Lane & 5 more

Ranked

38^th among 2154 active competitors

Employee Count

146 as on Jun 30, 2026

Similar Companies

Multiverse & 135 more

View Modal's full profile

Modal has raised a total funding of $31.8M over 2 rounds. Its first funding round was on Feb 09, 2022. Its latest funding round was a Series A round on Apr 02, 2024 for $*****. 4 investors participated in its latest round. Modal has 6 institutional investors.

Here is the list of recent funding rounds of Modal:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 02, 2024	8731597	Series A	3475538	5395512	1323472	3794927
Feb 09, 2022	9102581	Series A	6331729	8078489	2513211	SignalFire & 3 more

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View details of Modal's funding rounds and investors

The founders of Modal are Dennis Yang and Darren Shimkus.

Here are the details of Modal's key team members:

Dennis Yang: Co-Founder & Chairman of Modal. They are also an angel investor in 1 startup.
Darren Shimkus: Founder & CEO of Modal.

View details of Modal's Founder profiles and Board Members

Modal's employee count trend

Modal has 146 employees as of Jun 26. Here is Modal's employee count trend over the years:

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Top competitors of Modal include Cornerstone, Go1 and Multiverse. Here is the list of Top 10 competitors of Modal, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cornerstone 1999, Santa Monica (United States), Acquired	Provider of a platform for talent experience and workforce agility	$64.4M	Meritech, Bessemer Venture Partners & 16 others	86/100
2nd	Go1 1998, Brisbane (Australia), Series D	Cloud-based LMS platform for multi-industry	$430M	SEEK, Y Combinator & 33 others	80/100
3rd	Multiverse 2016, London (United Kingdom), Series D	AI-powered upskilling and apprenticeship platform	$485M	Lightspeed Venture Partners, General Catalyst ... & 34 others	75/100
4th	D2L 1999, Kitchener (Canada), Public	Provider of LMS systems for multiple sectors	$244M	New Enterprise Associates, OMERS & 6 others	74/100
5th	Docebo 2005, Athens (United States), Public	Provider of an AI-first learning management system for enterprise skills	$6.32M	Klass Capital, Intercap & 3 others	72/100
6th	Degreed 2012, Pleasanton (United States), Series D	Provider of a learning experience platform for workforce skill development	$367M	Owl Ventures, Jump Capital & 35 others	70/100
7th	360Learning 2010, Paris (France), Series C	Provider of software for employee training and collaborative learning management	$243M	ISAI, Sumeru Equity Partners & 11 others	69/100
8th	Schoox 2010, Austin (United States), Series A	Provider of a learning management system with AI-engineered learning features	$8.46M	ITC Holding, Saratoga Investment & 3 others	68/100
9th	O'Reilly 1978, Sebastopol (United States), Unfunded	Cloud-based learning management platform for IT industry	-	-	65/100
10th	Disprz 2015, West Orange (United States), Series C	Provider of AI-powered learning experience management, and enablement platform	$52.3M	IIML, Kae Capital & 41 others	65/100
38th	Modal 2020, San Francisco (United States), Series A	Provider of learning management services	$31.8M	Norwest, Ensemble & 4 others	55/100