Modular Medical

company

About

Modular Medical operates as a drug delivery tech developer.

  • Escondido,California,United States
  • 1 - 10

Details

Last Funding Type
Funding Round
Industries
Biotechnology,Delivery,Medical Device
Founded date
Jan 1, 1998
Number Of Employee
1 - 10
Operating Status
Active
Stock Symbol
otcqb:MODD
Legal Name
Modular Medical, Inc.

Modular Medical, Inc. is a development-stage, insulin delivery company. The Company's founder, CEO and lead stockholder is Paul DiPerna, who was the previous founder and chief technical officer of Tandem Diabetes Care. Mr. DiPerna's vision is that the leading insulin pump companies are too focused on "superusers," people with diabetes with the time, motivation and resources to utilize complex, expensive products. As a result, these entities have largely neglected the approximately one million people in the United States who still rely on daily injections for treatment. Modular seeks to expand the insulin delivery marketplace to these underserved patients, so they can benefit from Modular's advanced technology to assist in their care.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$10.77M
Modular Medical has raised a total of $10.77M in funding over 2 rounds. Their latest funding was raised on May 12, 2021 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 12, 2021 Post-IPO Debt $6.60M Detail
Feb 18, 2021 IPO Detail
Apr 5, 2019 Series Unknown $4.17M Detail
Mar 1, 2017 Funding Round 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Modular Medical is funded by 1 investors. Varana Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Varana Capital Funding Round

Employee Profiles

Number of Employee Profiles
5
Modular Medical has 5 current employee profiles, including Executive Paul DiPerna
Executive
Executive
Executive
Board member
Executive