Modal - About the company
Modal is a deadpooled company based in San Francisco (United States), founded in 2015. It operates as an E-commerce solution for auto dealers. Modal has raised $41.3M in funding from investors like Y Combinator, Khosla Ventures and Bullpen Capital. The company has 116 active competitors, including 2 funded and 6 that have exited. Its top competitors include companies like Roadster, DealerOn and InteractRV.
Company Details
Modal is an end-to-end digital e-commerce solution for auto dealers. It offers an omnichannel retail platform integrating digital transactions, upsells, financing & trading. Their products include Checkout (a turnkey checkout solution that can be integrated with existing web pages/stores), Shop (a suite of connected shopping tools) & Trade (a vehicle trading suite with built-in estimation & pricing tools).
- Website
- modalup.com
Key Metrics
Founded Year
2015
Location
San Francisco, United States
Stage
Deadpooled
Total Funding
$41.3M in 6 rounds
Latest Funding Round
Investors
Ranked
7th among 116 active competitors
Employee Count
21 as on Apr 30, 2026
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Modal's funding and investors
Modal has raised a total funding of $41.3M over 6 rounds. Its first funding round was on Feb 11, 2016. Its latest funding round was a Series A round on Dec 08, 2020 for $*****. 1 investor participated in its latest round. Modal has 13 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Modal:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 08, 2020 | 7381440 | Series A | 5738790 | 4820871 | 4481543 | 9474308 |
Jun 14, 2019 | 8890590 | Series A | 9268192 | 1130649 | 7225207 | |
Nov 17, 2017 | 4152162 | Seed | 7667400 | 6096436 | 4321113 | 4815019 |
View details of Modal's funding rounds and investors
Modal's founders and board of directors
Founder? Claim ProfileModal's employee count trend
Modal has 21 employees as of Apr 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 Roadster, DealerOn and InteractRV. 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 | Roadster 2013, San Francisco (United States), Acquired | White-label e-commerce platform for automotive retailers | $23.8M | 50/100 | |
2nd | DealerOn 2004, Derwood (United States), Late Stage | Digital website services for auto dealers | - | 43/100 | |
3rd | InteractRV 2002, Saginaw (United States), Unfunded | RV dealer website design and digital marketing solutions provider | - | - | 41/100 |
4th | SilverBullet 2018, Glasgow (United Kingdom), Acquired | Digital storefront solutions for auto industry | - | - | 40/100 |
5th | Dealer Inspire 2013, Chicago (United States), Acquired | Website builder for Automotive dealers | - | - | 38/100 |
6th | GForces 1999, Bearsted (United Kingdom), Unfunded | Provider of an e-commerce storefront solutions for auto dealers & manufacturers | - | - | 37/100 |
7th | Modal 2015, San Francisco (United States), Deadpooled | E-commerce solution for auto dealers | $41.3M | 37/100 | |
8th | DealerApp Vantage 2008, Piscataway (United States), Unfunded | Cloud-driven white-label mobile apps for auto dealers | - | - | 37/100 |
9th | Dealer eProcess 2006, Chicago (United States), Unfunded | Website solutions for auto dealers | - | - | 36/100 |
10th | WebBuy 2014, Billings (United States), Seed | SaaS-driven retail solution for car dealerships | $100K | - | 34/100 |
Looking for more details on Modal's competitors? Click here to see the top ones
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
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Drive Motor Retail takes over six car dealerships in YorkshireAutomotive Management•Mar 14, 2023•Drive Motor Retail, Hyundai Motor Company, Modal, Minstergate
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Drive Motor Retail adds Hyundai to line-up with Minstergate acquisitionMotor Trader•Mar 13, 2023•Modal, Minstergate, Drive Motor Retail
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Pegasus Tech Ventures Invests in Modal Through Its Venture Capital-as-a-Service Fund (VCaaS)Collision Repair Magazine•Dec 28, 2020•Pegasus Tech Ventures, Modal, Pegasus Tech Ventures, Honda
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Drive Motors changes name to Modal, lands $5M in fundingAuto Remarketing•Jun 17, 2019•Modal, IDOM, Ally, Drive Motors and 1 other
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Drive Motors teams up with luxury electric car makerOnline Market Places•Dec 10, 2018•Karma Automotive, Modal
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Drive Powers Karma Orange County’s Online CheckoutAutodealertodaymagazine•Nov 13, 2018•Modal, Karma Automotive, Drive Motors
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