# Modak

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

- Industry: Financial Services
- Headquarters: Menlo Park, US
- Website: www.modak.live
- Total disclosed funding: $5.3M
- Latest round: Seed (Jun 3, 2022)
- Investors on record: 5

## About

Based in California, US, and founded in 2022 by founder Madhu Yalamarthi, Modak Communities Inc. operates as an online provider to empower teenage people with skill-building resources, collaboration tools, and funding using web3 technology-wise educational programming on math and other fundamental content. In June 2022, Modak Communities Inc. raised USD 5.3 million in seed funding led by investor GGV Capital, Maya Capital, Monashees Capital, Mountain Nazca, and ONEVC.


The company offers a Visa-secured credit card and a checking account for teens through its relationship with Solid Financial Technologies and its partner banks, members of the FDIC. Through Modak, Teens can start building credit scores, gain financial literacy, and earn cashback. The Modak platform also includes essential building blocks, such as math, coding, and web3 development classes and camps, and a discord-based community for sharing and collaboration on projects ranging from anime to software development.

## Funding rounds

- Seed, Jun 3, 2022, $5.3M — Granite Asia, Monashees, Nazca, Maya Capital, ONEVC

## Investors

- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Seed
- Monashees (https://capitalatlas.ai/funds/monashees) — Seed
- Nazca (https://capitalatlas.ai/funds/nazca) — Seed
- Maya Capital — Seed
- ONEVC (https://capitalatlas.ai/funds/onevc) — Seed