Case Study: Modigi achieves $1.7M in profitable ARR with Founderpath revenue financing

Modigi reaches $1.7M ARR with $400k from Founderpath

Modigi, a SaaS company serving enterprises in the Salesforce ecosystem, faced the challenge of securing working capital to fund key hires for growth without slowing down or giving up equity to investors. To solve this, CEO Ken Hoppe turned to Founderpath and utilized its revenue financing product.

Founderpath provided Modigi with $400,000 in non-dilutive capital, which enabled the company to hire its first sales and customer success personnel. The solution allowed Modigi to achieve $1.7 million in annual recurring revenue profitably with just six employees while the founders retained 100% ownership. This funding from Founderpath positioned the company to scale efficiently, targeting a 5x year-over-year growth.

Modigi