Modulus, a financial trading software active since 1997, announced on Friday the launch of Modulus VC – a seed stage venture capital fund for companies at the intersection of finance and technology, investing between $100k and $10 million in each project. The venture capital fund’s offices are located in Scottsdale, Arizona (home of GoDaddy and other tech giants).
Modulus VC is meant to help entrepreneurs create exceptional FinTech products and cultivate valuable businesses. The founding team said that they have already helped entrepreneurs develop over fifty successful products, patented multiple finance-related technologies, and supported millions of traders around the world since 1997.
“Think of Modulus as an extension of your team. We help get your product to market quickly and efficiently. We’re not just an incubator you meet with once a week or once a month. We help build great management teams, build great products, and connect entrepreneurs with growth stage investors operating in the financial technology space,” said Richard Gardner, founder and managing partner of Modulus VC.
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Modulus invests between $100,000 and $10M, which is typically provided through multiple rounds. Startups have access to Modulus engineers in the United States and Europe who can assist with market data and brokerage connections. The Modulus legal team can also assist with patents and IP matters, with regulations that deal with exchanges, payment processing, operating brokerages and more.
This week, Finance Magnates spoke with Richard Gardner, CEO of Modulus, regarding the firm’s unique trading solutions and out of this world applications, including its selection by NASA. His in depth interview can be read here.