12 million US dollars Series A for Modash

Global growth company Modash, partner of Birkenstock, Victoria's Secret and Farfetch, invests in AI-powered platform and simplified payment processes to take creator partnerships to the next level

Tallinn, Estonia (October 31, 2024) - Modash, a creator partnership platform that connects brands with content creators, has closed a $12 million Series A funding round. The round was led by henQ VC, supported by previous investors. The funds will be used to expand the Modash platform, including AI-powered search capabilities and a global payment solution. The funding round also marks the planned opening of Modash's first North American office in Ottawa to strengthen proximity to key US markets and improve direct support for customers in North America.

Expanding the Creator platform with AI and enhanced payment capabilities

With the new funding, Modash will expand the platform's AI-powered search and discovery functionality to make it easier for brands to target the right creators. In addition, Modash will integrate a new in-platform payment solution that enables cross-border payments without additional fees and ensures compliance with international regulations. This solution is designed to simplify the entire partnership process for brands and creators, allowing payments to be processed quickly and without unexpected fees.

An important step for Modash's expansion in North America

With the opening of the Ottawa office, the startup aims to support its growing customer portfolio in the US and Canada. The office is close to Shopify's headquarters and just a few hours from major business centers like New York and Boston, allowing Modash to provide local support for brands and creators in North America.

With nearly 2,000 businesses trusting our platform, we've identified the key challenges and are solving them head-on. Our solutions are successful because they help brands discover, manage and measure new partnerships.

Avery Schrader, CEO of Modash

Modash has already partnered with global brands such as Birkenstock, Victoria's Secret and Farfetch, who use Modash's creator search capabilities to connect with influencers worldwide. The platform allows brands to access over 250 million creators and manage all steps - from outreach to performance analysis to payment - in one application. The platform provides real-time data and analytics so that brands can efficiently organize their partnerships from initial contact to performance analysis and payment.

Modash's all-in-one approach defines what is possible in influencer marketing. Their database and integrated payment solution are unique in the world.

Jan Andriessen, Partner at henQ VC

Future developments and a clear mission

In addition to the planned improvements to the platform, Modash plans to build a North American customer service team to ensure seamless support in the US time zones. Modash's mission remains to support both brands and creators and provide a comprehensive platform that simplifies and strengthens the influencer partnership experience.