ModernFi key facts
as of Oct 2026- Operator of a deposit management platform intended for banks and credit unions.
- ModernFi is valued at approximately $213.9M as of Oct 2026, set at its early-stage round, Jun 2025; nothing has traded since, per PrivateMarketView’s mark.
- It has raised $59.1M across 3 recorded rounds; the latest was Early Stage VC ($29.1M) in Jun 2025.
- Notable investors include Andreessen Horowitz, Entrepreneurs Roundtable Accelerator, Next Level Ventures, Canapi Ventures, Curql — 13 tracked in total.
- ModernFi has filed 3 Form Ds with the SEC since 2022, most recently Jul 2025 ($29.1M sold to 5 investors).
- Status: Privately Held (backing).
Valued at $213.9M at its early-stage round, Jun 2025. Nothing has traded since.
- ·The complete investor list: 13 names
- ·Watch ModernFi: the Monday email on marks, rounds and moves
ModernFi funding rounds
3 roundsModernFi leadership
- Bennett JohnsenChief Compliance Officer
- Michael MutschellerChief Business Officer and Member of the founding team
Who backs ModernFi
13+ModernFi valuation
ModernFi was valued at $214 million at its early-stage round in Jun 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.
How much has ModernFi raised?
ModernFi has raised $59.1 million across 3 recorded rounds since 2022. The largest was a $5 million seed round in Jul 2024; the most recent was a $29.1 million early-stage round in Jun 2025.
ModernFi has filed 3 Form Ds with the SEC since 2022, most recently in Jul 2025 ($29.1 million sold to 5 investors).
ModernFi investors
13 investors are on record for ModernFi, including Andreessen Horowitz, Entrepreneurs Roundtable Accelerator, Next Level Ventures and Canapi Ventures. The early-stage round in Jun 2025 drew 5 investors.
Who runs ModernFi
6 people are listed on the ModernFi team: 2 executives and 4 board members, including Bennett Johnsen (Chief Compliance Officer) and Michael Mutscheller (Chief Business Officer). 6 of them have a verified direct contact on file.
About ModernFi
Operator of a deposit management platform intended for banks and credit unions. The company's platform enables financial institutions to source deposits, sweep funds, and enhance depositor security while operating on a modern technology stack with a foundation of compliance, enabling institutions of all sizes to grow, retain, and manage their deposit base effectively.
- Sector
- Information Technology
- HQ
- New York, NY, United States
- Founded
- 2022
- Employees
- 43
- Website
- modernfi.com/
- Ownership
- Privately Held (backing)
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