Total amount raised
£145.4 Millions
Latest funding date
05/01/2022
Location
Modulr has successfully raised significant funding to support its mission of automating and securing business payments through embedded payment solutions. The platform offers a range of products and services designed to simplify payroll, accounts payable, and other financial processes.
Keep reading to explore the intricacies of Modulr's fundraising journey and the investors backing this innovative platform.
What Is Modulr?
Modulr is a FinTech company specializing in embedded payments and software-driven payment automation. The company aims to simplify and secure business payments through a range of products and services, including payroll, accounts payable, travel payments, merchant payments, lending, and investment solutions.
Based in England, Modulr is deeply integrated into the UK and European payments ecosystem, ensuring regulatory compliance and offering a secure, scalable platform. The company serves thousands of businesses across Europe and is known for its robust API and developer resources.
How Much Funding Has Modulr Raised?
- Round Name: Venture Round
- Amount Raised: $13.8M
- Date: September 2018
- Lead Investors: Blenheim Chalcot
- Round Name: Venture Round
- Amount Raised: $17.9M
- Date: May 2019
- Lead Investors: Blenheim Chalcot, Frog Capital
- Round Name: Grant
- Amount Raised: $12.7M
- Date: August 2019
- Lead Investors: Capability and Innovation Fund
- Round Name: Venture Round
- Amount Raised: $23.9M
- Date: May 2020
- Lead Investors: Highland Europe
- Round Name: Venture Round
- Amount Raised: $11.4M
- Date: November 2020
- Lead Investors: PayPal Ventures
- Round Name: Venture Round
- Date: April 2021
- Lead Investors: FIS Impact Ventures
- Round Name: Series C
- Amount Raised: $103.5M
- Date: May 2022
- Lead Investors: General Atlantic
In total, Modulr has raised $183.2M across all funding rounds.
Key Investors
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Founded in 1980, the firm has a long history of investing in technology, consumer, financial services, and healthcare sectors.
- Investment Focus Areas: Technology, consumer, financial services, healthcare
- Notable Investments: Airbnb, Alibaba, ByteDance
- FIS Impact Ventures
- Details: FIS Impact Ventures is the venture capital arm of FIS, a global leader in financial services technology. The firm focuses on investing in innovative companies that are transforming the financial services industry.
- Investment Focus Areas: Fintech, payments, banking
- Notable Investments: Not publicly disclosed
- PayPal Ventures
- Details: PayPal Ventures is the venture capital arm of PayPal, focusing on investing in companies that are shaping the future of financial services and commerce. The firm aims to support innovative startups that align with PayPal's mission.
- Investment Focus Areas: Fintech, commerce, payments
- Notable Investments: Tala, Acorns, PPRO
- Highland Europe
- Details: Highland Europe is a growth-stage technology investor that partners with exceptional entrepreneurs to build market-leading companies. The firm focuses on internet, mobile, and software businesses.
- Investment Focus Areas: Internet, mobile, software
- Notable Investments: WeTransfer, Malwarebytes, Nexthink
- Blenheim Chalcot
- Details: Blenheim Chalcot is the UK's leading digital venture builder, with a portfolio of over 20 companies. The firm focuses on building businesses that transform industries through technology and innovation.
- Investment Focus Areas: Fintech, education, media
- Notable Investments: ClearScore, Agilisys, Hive Learning
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Modulr and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
