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Modica Groups Raises $5million to Accelerate Growth

Modica
March 9, 2020

Northington Partners has completed a $5 million capital raise for Modica Group, a global provider of intelligent enterprise messaging solutions. The additional funding will allow the company to accelerate its international expansion by boosting investment in strategic partnerships across Australia, South East Asia, Latin America and beyond.

“We are delighted that we have a new investor to help support our ambitious growth and product development plans,” said CEO Stuart Wilson, a finalist for the 2019 EY Entrepreneur of the Year Award.

“The use of application-to-person messaging, predominantly via SMS, continues to increase as large enterprises realise that it is the most effective and ubiquitous method of transacting directly with their customers,” said Mr Wilson. “We are diversifying our product base by also offering advanced data analytics, mobile payment, IoT, and connectivity to emerging networks to our customers.”

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