Modal - About the company
Modal is a series A company based in San Francisco (United States), founded in 2020 by Dennis Yang and Darren Shimkus. It operates as a Provider of learning management services. Modal has raised $31.8M in funding from Left Lane Capital and Ensemble. The company has 2266 active competitors, including 184 funded and 162 that have exited. Its top competitors include companies like Cornerstone, D2L and Go1.
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
Investors
Ranked
36th among 2266 active competitors
Employee Count
135 as on Sep 30, 2026
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Modal's funding and investors
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 | 5960690 | Series A | 4314840 | 6029854 | 2540517 | 3329549 |
Feb 09, 2022 | 1875853 | Series A | 8225934 | 3894093 | 5505405 |
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Modal's founders and board of directors
Founder? Claim ProfileHere 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 135 employees as of Sep 26. Here is Modal's employee count trend over the years:
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Modal's Competitors and alternates
Top competitors of Modal include Cornerstone, D2L and Go1. Here is the list of Top 10 competitors of Modal, ranked by Tracxn score:
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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 | 86/100 | |
2nd | Provider of LMS systems for multiple sectors | $244M | 76/100 | ||
3rd | Cloud-based LMS platform for multi-industry | $430M | 76/100 | ||
4th |  Disprz 2015, West Orange (United States), Series C | Provider of AI-powered learning experience management, and enablement platform | $52.1M | 74/100 | |
5th | 360Learning 2010, Paris (France), Series C | Provider of software for employee training and collaborative learning management | $243M | 72/100 | |
6th | Multiverse 2016, London (United Kingdom), Series D | Provider of professional apprenticeship programs for data and technology skills | $485M | 71/100 | |
7th | Docebo 2005, Athens (United States), Public | Provider of an AI-first learning management system for enterprise skills | $6.32M | 68/100 | |
8th | Schoox 2010, Austin (United States), Series A | Provider of a learning management system with AI-engineered learning features | $8.46M | 68/100 | |
9th |  Degreed 2012, Pleasanton (United States), Series D | Provider of a learning experience platform for workforce skill development | $367M | 67/100 | |
10th |  Guild 2015, Denver (United States), Series F | Provider of corporate training solutions | $641M | 66/100 | |
36th |  Modal 2020, San Francisco (United States), Series A | Provider of learning management services | $31.8M | 55/100 |
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Modal's Investments and acquisitions
Modal has made no investments or acquisitions yet.
Reports related to Modal
Here is the latest report on Modal's sector:
News related to Modal
Media has covered Modal for 1 event in last 1 year.
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BairesDev Acquires AI Upskilling Startup Modal, Taps Darren Shimkus as President of North AmericaBenzinga•Dec 04, 2025•Modal, BairesDev
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Modal and Centerbridge Partners Announce Industrial Outdoor Storage VenturePR Newswire•May 16, 2024•Centerbridge Partners, https://www.modalproperty.com/, Modal
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Modal: Skills Development Platform Company Raises $25 MillionPulse 2.0•Apr 06, 2024•Modal, Left Lane Capital, Ensemble, SignalFire and 2 others
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