Modo Labs Receives $4,000,000 Series A Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c5f74bb3-e2c7-4869-9450-49dfaf7dcfb1&Preview=1 -
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
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Venture Investor
Storm Ventures -
Venture Investor
New Magellan Ventures
