Modus (Seattle) Overview
- Founded
- 2018
- Status
- Acquired/Merged
- Employees
- 60
- Latest Deal Type
- M&A
Modus (Seattle) General Information
Description
Developer of a real estate technology platform intended to improve the home closing experience. The company's platform features personalized task lists and electronic deposits and allows real estate clients to outsource manual data entry associated with home closings and avoid the delay in proceedings, providing both clients and agents with increased security, client experience and clarity throughout the entire process.
Contact Information
Website
www.modusclosing.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Business/Productivity Software
Other Industries
Other Financial Services
Media and Information Services (B2B)
Parent Company
Primary Office
- 901 5th Avenue
- Suite 3310
- Seattle, WA 98164
- United States
+1 (206) 000-0000
Modus (Seattle) Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Merger/Acquisition | 05-Oct-2020 | 000.00 | Completed | Generating Revenue | ||
| 3. Accelerator/Incubator | 01-Jan-2020 | 000.00 | Completed | Generating Revenue | ||
| 2. Early Stage VC (Series A) | 31-May-2019 | $12.5M | $12.5M | 000.00 | Completed | Generating Revenue |
| 1. Accelerator/Incubator | Completed | Generating Revenue |
Modus (Seattle) Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series A-6 | 00,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series A-5 | 000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series A-4 | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series A-3 | 00,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series A-2 | 240,615 | $0.000100 | 6% | $0.21 | $0.21 | 1x | $0.21 | 1.25% |
| Series A-1 | 3,482,349 | $0.000100 | 6% | $0.19 | $0.19 | 1x | $0.19 | 18.09% |
Modus (Seattle) Patents
Modus (Seattle) Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20210118074-A1 | Digital real estate transaction processing platform | Pending | 18-Oct-2019 | 0000000000 |
Modus (Seattle) Executive Team (3)
Modus (Seattle) Board Members (1)
| Name | Representing | Role | Since |
|---|---|---|---|
| Jai Sim Ph.D | Modus (Seattle) | Co-Founder, Chief Operating Officer & Executive Chairman | 000 0000 |
Modus (Seattle) Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %ile
-35.5%.
530%
Size Multiple
219x
Median
Size Multiple
219x, 100th %ile
0.00x
0.95x.
413Kx
Key Data Points
Twitter Followers
5.5k
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.
Request a free trialModus (Seattle) Former Investors (10)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| 500 Global | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Cascadia Venture Forum | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Felicis Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Hustle Fund | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Iterative Accelerator | Accelerator/Incubator | Minority | 000 0000 | 000000 0 |