Modo Labs Receives $4,000,000 Series A Financing

  • Feed Type
  • Date
    11/1/2011
  • Company Name
    Modo Labs
  • Mailing Address
    100 Cambridgepark Dr Cambridge, MA 02140
  • Company Description
    We began as a band of colleagues at MIT, united by a shared belief that mobile technologies will improve the world in unprecedented ways. We’ve assembled a team of experts in mobile technology and user experience. Our mission is to empower organizations to build, maintain and evolve smart mobile solutions.
  • Website
    http://www.modolabs.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The company will use part of proceeds to aggressively hire software developers.
  • M&A Terms
  • Venture Investor
    Storm Ventures
  • Venture Investor
    New Magellan Ventures