Modumate is a company.
Modumate has raised $5.0M across 2 funding rounds.
Key people at Modumate.
Modumate has raised $5.0M in total across 2 funding rounds.
Key people at Modumate.
Modumate is a San Francisco-based startup developing the fastest, most beautiful 3D building design platform powered by Unreal Engine, automating permit- and construction-ready plans from any 3D model.[1][2] It targets architects and builders tackling the $48B annual U.S. drafting labor market by instantly generating 2D drawings, bills of materials, drawing sets, and BIM models, reducing manual CAD work that consumes 55% of architects' revenue.[1][2] Primarily serving small building projects like warehouses and shell offices up to 200,000 sq ft, Modumate charges ~5% of revenue, with strong early traction from its team of graphics engineers and licensed architects.[1][2]
Modumate was co-founded by Richman Neumann, CEO and a Forbes 30 Under 30 honoree (2019) from Carnegie Mellon, who is a licensed architect with experience at 7 architecture firms on $4B+ construction projects and sustainability consulting for 12 firms at SF International Airport.[1] The idea emerged from Neumann's firsthand observation of architects' pain points: manual drafting with outdated CAD tools is their least favorite task, yet no tools fully automate it.[1] The team—4 graphics engineers and 2 licensed architects—built atop Unreal Engine's fast rendering for a semantic building model that enables instant documentation, starting with a focus on small buildings underserved by tools like Revit.[1][2]
Modumate rides the BIM modernization wave in AEC (architecture, engineering, construction), where digital twins and automation address trillion-dollar inefficiencies, especially in the underserved small-building "long tail" ignored by enterprise tools like Revit.[2] Timing aligns with Unreal Engine's maturity for pro-grade applications beyond gaming, enabling greenfield opportunities in a $48B drafting bottleneck amid labor shortages and sustainability demands.[1][2] It influences the ecosystem by lowering barriers for architects/builders, potentially accelerating adoption if large firms invest to expand capabilities like MEP and larger projects, fostering competition in BIM innovation.[2]
Modumate's trajectory points to scaling beyond small buildings via targeted investments for MEP support, curved geometry, and larger models, capturing more of the $300B small-building spend and challenging Revit incumbents.[2] Trends like AI-driven automation, real-time collaboration, and prefab construction will amplify its edge, with Unreal's evolution enabling furnished, high-density projects like hospitals.[2] Its influence could grow by building a developer ecosystem around open BIM standards, evolving from disruptor to AEC staple—transforming how architects design, much like game engines reshaped visuals, but for the built world.[1][2]
Modumate has raised $5.0M in total across 2 funding rounds.
Modumate's investors include AfterWork Ventures, Avalanche VC, Canvas Ventures, IDG Ventures, Meritech Capital Partners, Pareto Holdings, Alexander Rosen, Bradley Horowitz, Frederic Kerrest, Kevin Stumpf, Michael Stoppelman, Ron Pragides.
Modumate has raised $5.0M across 2 funding rounds. Most recently, it raised $3.0M Seed in January 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2022 | $3.0M Seed | AfterWork Ventures, Avalanche VC, Canvas Ventures, IDG Ventures, Meritech Capital Partners, Pareto Holdings, Alexander Rosen, Bradley Horowitz, Frederic Kerrest, Kevin Stumpf, Michael Stoppelman, Ron Pragides, Ryan Carlson, Tushar Garg | |
| Jul 1, 2018 | $2.0M Seed | Tribe Capital, Jeremy Yap, Justin Mateen, Omar El-Ayat |
