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Modular Medical

San Diego, California, United States · Healthcare, Information Technology · 44 employees

Modular Medical, Inc. (Nasdaq: MODD) is a medical device company that intends to launch the next generation of insulin delivery technology. Using its patented technologies, the Company seeks to eliminate the tradeoff between complexity and efficacy, thereby making top quality insulin delivery both affordable and simple to learn. Its mission is to improve access to the highest standard of glycemic

Funding history

  • Funding Round — $4.7M — Dec 2025
  • Funding Round — $12.0M — Apr 2025
  • Funding Round — $1.1M — Feb 2021
  • Funding Round — Undisclosed — Mar 2020
  • Funding Round — $4.2M — Apr 2019

Recent signals

  • Jan 23, 2026: SEC 8-K (5.02): On January 23, 2026, Modular Medical, Inc. executed a certificate of amendment to its Amended and Restated Articles of Incorporation, increasing its authorized shares of common stock from 100,000,000 to 250,000,000. This amendment was approved by shareholders during the Company's fiscal 2026 annual meeting, also held on January 23, 2026. The change allows the company greater flexibility in capital management and planning, indicating a proactive approach to potential future fundraising efforts or stock issuances. The implications of this increase may include future capital raising through stock offerings to support organizational growth.
  • Dec 11, 2025: Raised $4.7M
  • Dec 10, 2025: SEC 8-K (1.01): On December 10, 2025, Modular Medical, Inc. entered into an Underwriting Agreement with Newbridge Securities Corporation to conduct a firm commitment underwritten offering. The offering includes 12,173,000 shares of the Company's common stock, alongside warrants for an additional 6,086,500 shares, with expected gross proceeds of approximately $4.68 million. The Company will pay the Underwriter a 7% cash fee on the gross proceeds, plus reimbursement for up to $85,000 in expenses. This strategic move aims to enhance the Company's capital structure and further its business objectives.
  • Apr 07, 2025: Raised $12.0M
  • Feb 22, 2021: Raised $1.1M
  • Mar 04, 2020: Raised Undisclosed
  • Apr 04, 2019: Raised $4.2M

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