Modulate Secures $30 Million in Series A Funding to Reduce Online Toxicity

Modulate, a leader in the fight against online toxicity, announced the completion of a $30 million Series A funding round led by Lakestar with participation from existing investors Everblue Management, Hyperplane Ventures, and others. In addition, Mika Salmi, Managing Partner of Lakestar, will join Modulate's Board of Directors. The company will use the funds to expand its team and continue scaling its groundbreaking proactive voice moderation platform, ToxMod. "ToxMod is changing the way game developers attack toxic behavior in their communities and this funding is a real validation of our mission to make online communities safer," said Mike Pappas, CEO of Modulate. "We're thrilled to welcome Mika and his vast store of experience to the Board as we grow our team and ramp up the development and deployment of ToxMod."