Modal rides off with $5 mln


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Drive Motors, a provider of digital commerce for some of the world’s largest auto retailers and brands, has raised $5 million in funding. The investors were Peter Thiel, IDOM Inc and Ally Ventures, the investing arm of national auto finance company Ally Financial. Also, Drive Motors has changed its name to Modal.

Source: Press Release

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