Total amount raised
£145.4 Million
Latest funding date
2022-05-18
Location
Modulr has successfully raised significant funding over multiple rounds, establishing itself as a key player in the embedded payments and software-driven payment automation industry. The platform offers a range of solutions designed to automate, secure, and control business payments across various sectors.
Keep reading to explore the intricacies of Modulr's fundraising journey and the investors backing this innovative platform.
What Is Modulr?
Modulr is a prominent player in the Financial Technology (FinTech) industry, specializing in embedded payment solutions and software-driven payment automation. The company is registered in England and is deeply integrated into the UK and European payments ecosystem.
Modulr offers a range of services designed to automate and streamline payment processes for businesses, including payroll payments, accounts payable, travel payments, merchant payments, lending and wage advance, and investment and wealth management. Their platform is secure, scalable, and operates 24/7, supporting various payment methods and offering extensive developer resources.
How Much Funding Has Modulr Raised?
- Series Unknown
- Amount Raised: USD 13,300,000
- Date: September 2018
- Lead Investors: Blenheim Chalcot
- Series Unknown
- Amount Raised: USD 17,500,000
- Date: May 2019
- Lead Investors: Blenheim Chalcot, Frog Capital
- Grant
- Amount Raised: USD 12,000,000
- Date: August 2019
- Lead Investors: Capability and Innovation Fund
- Series Unknown
- Amount Raised: USD 23,000,000
- Date: May 2020
- Lead Investors: Highland Europe
- Series Unknown
- Amount Raised: USD 11,000,000
- Date: November 2020
- Series Unknown
- Date: April 2021
- Lead Investors: FIS Impact Ventures
- Series C
- Amount Raised: USD 103,000,000
- Date: May 2022
- Lead Investors: General Atlantic
In total, Modulr has raised USD 179,800,000 across various funding rounds.
Key Investors
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. They have a strong track record of partnering with entrepreneurs and management teams to build market leaders.
- Investment Focus Areas: Technology, Financial Services, Healthcare, Consumer, and Life Sciences.
- Notable Investments: Airbnb, Alibaba, ByteDance.
- Blenheim Chalcot
- Details: Blenheim Chalcot is a leading venture builder in the UK, with a portfolio of over 20 companies. They focus on building digital businesses that transform industries.
- Investment Focus Areas: FinTech, EdTech, HealthTech, Media, and IT Services.
- Notable Investments: ClearScore, Agilisys, Hive Learning.
- Frog Capital
- Details: Frog Capital is a growth capital investor focused on European scale-up stage companies. They provide both capital and expertise to help businesses scale effectively.
- Investment Focus Areas: Software, Digital Media, FinTech, and IT Services.
- Notable Investments: Azimo, Skimlinks, Rated People.
- Highland Europe
- Details: Highland Europe is a growth-stage technology investor that partners with exceptional entrepreneurs to build market-leading companies. They focus on companies with strong growth potential in Europe.
- Investment Focus Areas: Software, Internet, and Mobile.
- Notable Investments: WeTransfer, Malwarebytes, Nexthink.
- Capability and Innovation Fund
- Details: The Capability and Innovation Fund is part of the UK Government's initiative to boost competition and innovation in the financial services sector. It provides grants to companies that can enhance the financial services market.
- Investment Focus Areas: Financial Services, FinTech, and Innovation.
- Notable Investments: Not publicly disclosed.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Modulr and gather other critical business insights.
Sign up for free and start making data-driven decisions today by visiting Clay's signup page.
