Tech Company Financing Transactions
ModusBox Funding Round
ModusBox, based in Mercer Island, raised $7.5 million in investment from Choice Bank, Patamar Capital and American Capital.
Transaction Overview
Company Name
Announced On
4/29/2022
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of its PortX products, drive key partnerships with advanced fintech solutions, and continue its contributions to the Mojaloop real-time payments ecosystem, and recruit talent for recruiting, marketing, customer success, and engineering.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
7525 SE 24th St 510
Mercer Island, WA 98040
USA
Mercer Island, WA 98040
USA
Phone
Website
Email Address
Overview
In 2013, we started as infrastructure and integration experts to be the industry's premier enterprise integration service provider. In the process, we discovered two things: The integration industry lacked a truly great technology solution. The options were either inadequate or exorbitantly expensive. And, we found the financial industry to be especially in need of transformation. Financial institutions are fraught with suffocating point-to-point integrations and legacy banking core technology that stifles innovation and restricts inclusive financial services.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Wexler
Chief Financial Officer
Robert Ron
Chief Technical Officer
Kent Brown
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Where The Data Comes From
We record tech company VC transactions. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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