When was Modalyst founded?

Modalyst was founded in 2012 and raised its 1st funding round within a year of its incorporation.

Where is Modalyst located?

Modalyst is headquartered in New York City, United States. It is registered at 804 TERRELL HILL DR,AUSTIN,TX,78704,227.

How many employees does Modalyst have?

As of Jul 01, 2024, the latest employee count at Modalyst is 8.

Is Modalyst a funded company?

Modalyst is a funded company, having raised a total of $1.3M across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on May 29, 2012.

When was the latest funding round of Modalyst?

Modalyst's latest funding was a $***** Seed round on 2015, with participation from 1 investor. Its primary sector is B2B E-Commerce. In United States, the B2B E-Commerce sector has seen $101M in funding in 2026 to date.

Where does Modalyst rank among its competitors?

Modalyst ranks 102nd amongst 1848 active competitors, of which 207 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Cart.com, which secured $180M in Mar, 2026.

Who are the top competitors of Modalyst?

Modalyst's top competitors include RELEX, Bazaarvoice and ShopUp. Among them, Cart.com secured the most recent funding round in March, 2026.

Modalyst - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of dropshipping software for fashion e-commerce business. It is a marketplace platform that connects suppliers, vendors, and brands with online retailers and provides solutions for order & inventory management, reselling products, revenue management, e-commerce apps & plugins integration, product automation, and more.

Website: www.modalyst.co/
Social
Registered Address: 804 TERRELL HILL DR,AUSTIN,TX,78704,227

Key Metrics

Founded Year

2012

Location

New York City, United States

Stage

Acquired

Total Funding

$1.3M in 3 rounds

Latest Funding Round

Seed, 2015, $*****

Investors

2020 Ventures & 7 more

Ranked

102^nd among 1848 active competitors

Employee Count

8 as on Jul 01, 2024

Similar Companies

ShopUp & 1093 more

Exit Details

Acquired by Wix (Jun 15, 2021)

View Modalyst's full profile

Modalyst is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MODALYST, INC CIN: 32076976110 , United States, Active	Dec 15, 2020	-	-	-

Modalyst got acquired by Wix on Jun 15, 2021.

Click here to take a look at Modalyst's acquisition in detail

Modalyst has raised a total funding of $1.3M over 3 rounds. Its first funding round was on May 29, 2012. Its latest funding round was a Seed round on 2015 for $*****. 1 investor participated in its latest round. Modalyst has 8 institutional investors.

Here is the list of recent funding rounds of Modalyst:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2015	3036	Seed	7172	2056	3365	7396
Jan 06, 2015	3505254	Seed	5529265	4331481	1713077	9594289
May 29, 2012	3262787	Grant (prize money)	8822132	6707987	3735453	MassChallenge

Access funding benchmarks and valuations. Sign up today!

View details of Modalyst's funding rounds and investors

The founders of Modalyst are Alain Miguel and Jill Sherman.

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

Alain Miguel: Co-Founder & COO - Modalyst (Acquired by Wix) of Modalyst.
Jill Sherman: Co-Founder & CEO of Modalyst.

View details of Modalyst's Founder profiles and Board Members

Modalyst's employee count trend

Modalyst has 8 employees as of Jul 24. Here is Modalyst's employee count trend over the years:

Uncover Modalyst's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Modalyst include RELEX, Bazaarvoice and ShopUp. Here is the list of Top 10 competitors of Modalyst, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	RELEX 2005, Helsinki (Finland), Series D	Provider of unified platform for retail and supply chain planning	$816M	Summit Partners, TCV & 4 others	77/100
2nd	Bazaarvoice 2005, Austin (United States), Acquired	Provider of SaaS based marking solution	$20.4M	Battery Ventures, Austin Ventures & 16 others	74/100
3rd	ShopUp 2017, Dhaka (Bangladesh), Series B	Retailer of neighborhood shops and clothing	$198M	Valar Ventures, Flourish & 11 others	73/100
4th	AnyMind Group 2016, Singapore (Singapore), Public	Provider of e-commerce, marketing, and manufacturing platforms	$91.7M	Nomura, LINE Corporation & 14 others	72/100
5th	Global-e 2013, London (United Kingdom), Public	Provider of platform simplifying cross-border e-commerce for merchants and global shoppers	$100M	Vitruvian Partners, Apax & 8 others	72/100
6th	CommerceIQ 2012, Mountain View (United States), Series D	Provider of unified AI platform for retail ecommerce sales and optimization	$196M	Madrona, Shasta Ventures & 6 others	71/100
7th	Wasoko 2013, Nairobi (Kenya), Series B	Online retailer of everyday consumer goods providing delivery services to shops	$152M	Avenir Growth Capital, Quona & 38 others	70/100
8th	Cart.com 2020, Austin (United States), Series D	Provider of unified commerce and logistics solutions for business growth	$735M	B. Riley Financial, Snowflake & 46 others	69/100
9th	etaily 2020, Metro Manila (Philippines), Series A	Provider of software suite solutions for e-commerce businesses	$24M	SKS Capital, Ayala & 17 others	68/100
10th	GoKwik 2020, Delhi (India), Series B	Platform offering software suite solutions for e-commerce and D2C brands	$70.5M	RTP Global, Think Investments & 66 others	68/100
102nd	Modalyst 2012, New York City (United States), Acquired	Provider of dropshipping software for fashion e-commerce business	$1.3M	2020 Ventures, Red Giraffe Advisors & 6 others	46/100