# ColorModules

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/colormodules

- Industry: Internet
- Headquarters: New York, US
- Website: www.colormodules.com
- Total disclosed funding: $1.3M
- Latest round: Series A (Jun 27, 2012)
- Investors on record: 1

## About

ColorModules Inc. specializes in a democratic voting system that leverages video technology to enhance election transparency and reduce corruption, fostering active citizen participation.Founded in 2010, ColorModules Inc. is based in New York, US. The company has executed 2 deals and their latest funding round was a Series A, securing USD 1.30 mn from Golden Seeds. The total amount raised by the company stands at USD 1.30 mn.ColorModules Inc. offers an innovative democratic voting system designed to facilitate elections through video technology, ensuring transparency and reducing the possibility of corruption. This system empowers citizens to hold elections without government interference, enabling them to elect representatives known as Sub-Senators, who will represent groups of 250 individuals. The voting process involves participants attaching paper ballots to their chests, which include their identity and voting choices, while simultaneously recording the votes on video. This method aims to enhance voter engagement and accountability by fostering community familiarity among voters and their representatives. The service has been introduced to various geographical markets, targeting nations and regions seeking to improve their democratic processes and reduce bureaucracy.ColorModules Inc. generates revenue through its subscription-based model, where municipalities or civic organizations pay to implement this voting system for elections. Clients typically include local governments, civic groups, and non-profit organizations focused on democratic engagement. The transaction structure involves an initial setup fee for the technology and ongoing subscription fees for continued access to the platform, training, and support services. The flagship offering is the comprehensive voting system, which combines video recording with a personalized voting interface. Specific pricing details are tailored to client needs, reflecting the scale of deployment and the level of support provided, ensuring a sustainable revenue stream while enhancing democratic participation.ColorModules Inc. has ceased operations and has gone out of business.

## Funding rounds

- Series A, Jun 27, 2012, $1.3M — Golden Seeds

## Investors

- Golden Seeds (https://capitalatlas.ai/funds/golden-seeds) — Series A