New Magellan Ventures assisted Modo Labs® in its start-up activities, including raising capital for the initial investment round. NMV partners have been active partners with Modo Labs throughout its growth, and serve on its Board of Directors. Modo Labs offers an enterprise-scale mobile engagement and communication platform that puts mobile implementation and deployment capabilities directly in the hands of non-developers. Regardless of technical skill set, Modo users can quickly create a powerful and sophisticated mobile app experience that connects audiences with essential information when they need it, where they need it.
Modo Labs was founded by Andrew Yu and a team of mobile developers from MIT who created the MIT Mobile Framework to help universities create compelling mobile web sites and native applications. Modo Labs was spun off in 2010 to productize this technology and make it available to the broader higher education and commercial markets. Today, the platform is trusted by hundreds of universities and companies in over 30 countries, including top Ivy League institutions, large state schools and community colleges, as well as top hospitals, pharmaceutical and financial services companies.