Tech Company Financing Transactions
Modives Funding Round
Modives, operating out of Charlotte, secured $3 million in investment from private investors.
Transaction Overview
Company Name
Announced On
7/27/2023
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
112 S Tryon St 1570
Charlotte, NC Undisclosed
USA
Charlotte, NC Undisclosed
USA
Phone
Website
Email Address
Overview
Modives eliminates manual processes and long phone calls to insurance carriers or agents by providing personal insurance verification and embedded solutions during life events. Modives ensures consumers have current active and continuous in force insurance, while taking friction out of the consumer experience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Frederick Waite
Chief Marketing Officer
Joel Samen
Chief Technical Officer
Bhopan Krishnan
Co-Founder
Russell Barner
Co-Founder
Justin Silver
Browse more venture capital transactions:
Prev: 7/27/2023: Airvet venture capital transaction
Next: 7/27/2023: GlossGenius venture capital transaction
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. All VC database entries reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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