Valued at $233.4M at its early-stage round, Sep 2026. Nothing has traded since.
- ·The post-money valuation on its round
- ·The complete investor list: 14 names
- ·Watch Modulate: the Monday email on marks, rounds and moves
Valuation timeline
1 priced round · 22 daily marks since · Sep 2026 – Oct 2026Membership and data by Private Market View
Modulate funding history
2 rounds| Date | Round | Raised | Post-money | $/share |
|---|---|---|---|---|
| Sep 2026 | Early Stage VC | $25.0M | ▮ | ▮ |
| Feb 2019 | Seed Round | $1.5M | ▮ | ▮ |
Membership and data by Private Market View
Modulate valuation
Modulate was valued at $233 million at its early-stage round in Sep 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.
Recent activity
In the last 90 days, Modulate's record added 1 funding round.
How much has Modulate raised?
Modulate has raised $41 million in total; 2 of its rounds are on record. The largest on record was a $25 million early-stage round in Sep 2026. 1 of the rounds disclosed a post-money valuation.
Modulate has filed 1 Form D with the SEC, most recently in Mar 2019 ($1.5 million sold to 2 investors).
How Modulate's valuation is determined
Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.
For Modulate, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →
Frequently asked about Modulate
- What is Modulate worth?
- Modulate is valued at $233.4M as of Oct 2026. Valued at $233.4M at its early-stage round, Sep 2026. Nothing has traded since.
- How much has Modulate raised?
- Modulate has raised $41.0M in total funding across 2 recorded rounds.
- When did Modulate last raise?
- Modulate last raised in Sep 2026 (Early Stage VC), raising $25.0M.