Modo Labs, Inc.

Modo Labs, Inc. is a US-based company specializing in digital engagement solutions, enabling organizations to enhance workplace and campus experiences through innovative software platforms. Modo Labs, Inc. provides a digital engagement platform targeting workplace and campus environments.

Founded in 2010 and headquartered in Boston, US, the company has undergone strategic pivots to focus on corporate and educational clients. The company was founded by Eric Kim and has received a total of USD 10. 00 mn in funding across five deals, with the most recent funding round being a VENTURE DEBT of USD 8. 00 mn from SG Credit Partners on August 15, 2023.

Modo Labs specializes in providing a comprehensive digital engagement platform designed for workplace and campus environments. Their core products include Modo Workplace and Modo Campus, which facilitate functionalities such as intuitive room and desk booking, employee engagement, and integration of student information systems (SIS) and learning management systems (LMS). Modo Workplace enhances the employee experience through collaboration tools, digital ID solutions, and office management. Modo Campus modernizes student experiences with personalized access to academic resources and social engagement.

These products are utilized by global Fortune 1000 brands and prestigious educational institutions across North America, Europe, and Asia. Modo Labs operates on a subscription-based revenue model, deriving income primarily through partnerships with corporate and educational clients. They provide access to their software platform where clients pay for Modo Workplace and Modo Campus services. The revenue model includes licensing the platform, allowing organizations to customize applications according to their needs.

Transactions occur annually or multi-year, including flagship services like Modo Bookings™ that enhance office utilization and engagement. In August 2023, Modo Labs, Inc. raised USD 8 million in VENTURE DEBT funding from SG Credit Partners to support its growth initiatives. The company plans to develop new products aimed at enhancing digital engagement in workplaces and campuses, with specific releases planned for 2024.

Modo Labs is focusing on expanding into new markets across Europe and Asia, targeting these regions for growth by mid-2024 to enhance its global footprint.