Modal Raises $5 Million in New Funding

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Modal Commerce (formerly Drive Motors)

(San Francisco, CA.) Modal provides transparent digital commerce for the world’s leading automotive dealers and brands. Its products are designed to act as transparent transaction layers that fit into an auto merchant’s existing experience. 

CEO: Aaron Krane

Funding amount: $5 million

Funding: Ally Ventures, IDOM, Peter Thiel

Funding plans: Scale its commerce platform, develop new commerce tech to streamline the auto purchase transaction, hire new staff.