# Modulous

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

- Industry: Software
- Headquarters: London, UK
- Website: www.modulous.com/
- Total disclosed funding: $18M
- Latest round: Series A (Aug 3, 2022)
- Investors on record: 7

## About

Founded in 2018 and based in London, UK, Modulous Limited focuses on providing modular construction solutions. Modulous was co-founded by Chris Bone, who has a history of involvement in entrepreneurial ventures. In August 2022, Modulous Limited raised GBP 13.65 million in Series A funding led by Sustainable Future Ventures, including Goldacre, Regal London, Leela Capital, BlackHorn Ventures, GroundBreak Ventures and CEMEX Ventures.

Modulous offers innovative solutions designed to tackle challenges in the housing industry through modular construction and digital technology. Their core product, TESSA, is a software platform that produces fully engineered multi-family housing schemes customized for specific sites, offering comprehensive area schedules, floor plans, detailed cost plans, and sustainability metrics, including embodied carbon calculations. Complementing TESSA is the Kit of Parts, a standardized assembly system supporting a decentralized manufacturing model that lowers costs and capital expenditures associated with traditional construction. Their services cater to a diverse client base, including public and private sector landowners, developers, architects, contractors, and modular suppliers, facilitating construction projects across the UK and the USA.

The company’s revenue is derived from software licensing and consultancy services, providing tailored solutions that optimize construction processes through consulting agreements and licensing fees for TESSA and the Kit of Parts. Modulous also potentially partners with supply chain manufacturers to streamline the production and assembly of modular components, thereby enhancing the efficiency of modular construction without necessitating substantial upfront capital investments from clients.

## Funding rounds

- Series A, Aug 3, 2022, $16M — Blackhorn Ventures, CEMEX Ventures, Regal London, GroundBreak Ventures, Goldacre, Leela Capital, Sustainable Future Ventures
- Seed, Nov 20, 2020, $0.4M — Blackhorn Ventures, CEMEX Ventures
- Seed, Dec 19, 2019, $0.8M — Blackhorn Ventures

## Investors

- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Seed, Series A
- CEMEX Ventures (https://capitalatlas.ai/funds/cemex-ventures) — Seed, Series A
- Regal London — Series A
- GroundBreak Ventures (https://capitalatlas.ai/funds/groundbreak-ventures) — Series A
- Goldacre — Series A
- Leela Capital (https://capitalatlas.ai/funds/leela-capital) — Series A
- Sustainable Future Ventures (https://capitalatlas.ai/funds/sustainable-future-ventures) — Series A