Modal Raises $25M in Series A Funding

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Modal, a San Mateo, CA-based skills development platform for data and analytics professionals, raised $25m in Series A funding.

The round was led by Left Lane Capital and Ensemble VC with participation from Signalfire and Learn Capital.

The company intends to use the funds to enhance its platform, expand its go-to-market capabilities, and continue to recruit talent.

Founded by Darren Shimkus and Dennis Yang, the former President and CEO of Udemy respectively, Modal is a learning platform that gives every employee the skills they need to do better work by teaching them the technical skills to understand the context or the ‘why’ and the ‘how” in every step of the process. Courses, projects, labs, coaches, and community give technical teams the ability to learn side-by-side with industry experts, democratizing the learning experience.

Today, Modal’s learning platform leverages 1-1 expert coaching and job-simulated projects to drive education for those who work with data.

Modal just recently launched Organizational Development Plans [ODP], designed to help companies connect their goals to specific skills their teams need. This program is meant to drive company objectives, such as improving the business impact of their data work or accelerating the overall transformation of their organization to be more data-driven.

FinSMEs

02/04/2024