# Modular

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

- Industry: Software
- Headquarters: Fort Worth, US
- Website: www.zabo.com
- Total disclosed funding: $3.6M
- Latest round: Seed (Mar 5, 2020)
- Investors on record: 7

## About

Modular, Inc., based in the US, specializes in cryptocurrency and blockchain technology, offering innovative payment integration solutions for businesses. Their platform enables seamless acceptance of cryptocurrencies across various sectors.Founded in 2018 by Alex Treece in Fort Worth, US, Modular, Inc. develops a technology platform for cryptocurrency payment integration. The company has engaged in three deals, with the most recent funding round being a Seed round in August 2021, where they raised USD 2.5 mn led by Moonshots Capital. Modular was acquired by Coinbase Global, Inc. in the same month from several investors including Blockchange Ventures and Digital Currency Group.Zabo provides a comprehensive platform that facilitates seamless integration of cryptocurrency payments for businesses. This platform supports a variety of use cases, including consumer transactions, remittances, and decentralized finance applications, catering to clients across North America, Europe, and Asia. Their services enable retailers and service providers to meet the increasing demand for alternative payment options in the digital economy.Zabo generates revenue through a structured model that includes subscription fees and transaction processing charges for businesses on their platform. Clients typically pay a monthly or annual fee to utilize Zabo’s capabilities, which streamline the acceptance of cryptocurrency payments, alongside transaction fees for each processed payment. Custom pricing plans are available to accommodate different client needs, from large enterprises to smaller businesses.In the wake of the recent funding round in August 2021, Modular, Inc. plans to enhance its product offerings and expand into new markets. They are focused on developing new features for their platform to improve user experience and increase functionality. Geographically, they are targeting expansion into additional regions in North America and Europe by 2023. The funding will support these initiatives, particularly in product development and market entry strategies.

## Funding rounds

- Seed, Mar 5, 2020, $2.5M — Capital Factory, Digital Currency Group, Moonshots Capital, Blockchange Ventures, Castle Island Ventures, CoinShares Ventures, Tezos Foundation
- Seed, Feb 26, 2019, $1.1M — Blockchange Ventures

## Investors

- Blockchange Ventures (https://capitalatlas.ai/funds/blockchange-ventures) — Seed
- Capital Factory (https://capitalatlas.ai/funds/capital-factory) — Seed
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Moonshots Capital (https://capitalatlas.ai/funds/moonshots-capital) — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed
- CoinShares Ventures (https://capitalatlas.ai/funds/coinshares-ventures) — Seed
- Tezos Foundation — Seed