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Sunday, July 14, 2024

Estonian startup collects $2 million seed to build the Infrastructure of the creator economy

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Tallinn-based creator partnership platform Modash has raised $2 million in a seed round co-led by the pan-Baltic fund Change Ventures and Icebreak.vc which previously invested $200K in the startup’s pre-seed round. The round also saw participation from angel investors Tomas Slimas (Ex-Shopify Marketing Director), Kristjan Vilosius (CEO of Katana MRP), and Akim Arhipov (Founding CEO of Basis-ID). The funding will help Modash grow to power more than a million partnerships per year.

Modash was co-founded by Canadian expat Avery Schrader (CEO) and high school dropout Hendry Sadrak (CTO) in 2018 as a creator partnerships platform of choice for brands who want to find and partner with creators, at scale. Marketers across DTC, eCommerce, consumer apps at companies like Bolt, Perch, Wolt, & Kilo.health use Modash because it lists every influencer on earth with aggregated performance and audience data.

Modash, Change Ventures, Rait Ojasaar“We think of Modash as the linchpin between brands, creators, and soon broader society. Sure, the first goal is to help brands find and partner with creators, but this is a complex flywheel that we have yet to see anyone approach the way Modash is. I think a lot of people with a blasé attitude to the creator space will be truly wowed by this team in the next year.” says Rait Ojasaar, Partner at Change Ventures.

Click to read more funding news.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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