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Modular Medical
NASDAQ: MODDSan Diego, US · Nevada corporation · 1 known investors
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Modular Medical develops the MODD1, an insulin pump designed to simplify the transition from manual daily injections and to enable diabetes data sharing with care teams. It serves people with diabetes and their healthcare providers in the diabetes care market.
Founders & leadership
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Paul DiPernaFounder · PresidentPaul DiPerna is president and chairman of Modular Medical, which develops insulin pump technology for diabetes management. He has founded multiple medical device companies and previously held leadership roles at Baxter and Tandem Diabetes Care, with expertise across diabetes care, insulin delivery, and cellular connected devices.
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James BesserChief Executive Officer
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Kevin SchmidChief Operating Officer & Chief Commercial OfficerKevin Schmid has held leadership roles in drug delivery and connected health, including Chief Executive Officer of Common Sensing (2018–2021), a Cambridge-based disposable injector monitoring technology company, and Vice President of Business Development and Advanced Technology at Insulet Corporation (2011–2015), where he contributed to development of the Omnipod Diabetes Management System and other on-body delivery devices. He holds a B.S. in Mechanical Engineering from Clarkson University and an M.B.A. from Sacred Heart University.
Board
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Duane DeSistoBoard director
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Philip SheibleyBoard director
EO
Ellen O'Connor VosBoard director
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Steven FelsherBoard director
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Carmen VolkartBoard director
Investors · 1
Also in the syndicate · 1
Manchester Explorer, L.P.lead
Funding
SEC filings, press & company announcements$17.3M disclosed across 3 of 5 rounds · 2018–2025
- Undisclosed amountpublic offeringNov 2024 · 2 sources
Manchester Explorer, L.P. (lead)
Source ↗
▶$12MraisedApr 2025 · 106 investors · Other TechnologyRule 506(b)
▶$12MraisedApr 2025 · 106 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Paul M. DiPernaExecutive Officer, Director
- Duane DeSistoDirector
- James E. BesserExecutive Officer
- Philip SheibleyDirector
- Ellen O'Connor VosDirector
- Steven FelsherDirector
- Carmen VolkartDirector
- Morgan C. FrankDirector
- Offering amount
- $20M
- Amount sold
- $12M
- Sales commissions
- $919.7K
- Placement agents
- Newbridge Securities Corporation
- First sale
- Mar 2025
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$1.1MraisedFeb 2021 · 2 investors · Other TechnologyRule 506(b)
▶$1.1MraisedFeb 2021 · 2 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Liam BurnsDirector
- Paul M. DiPernaExecutive Officer, Director
- Morgan FrankDirector
- Stephen DalyExecutive Officer
- William FebboDirector
- Amount sold
- $1.1M
- Minimum investment
- $1M
- Proceeds to insiders
- $50K
- First sale
- Feb 2021
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶Undisclosed amountofferedMar 2020 · Other Health CareRule 506(b)
▶Undisclosed amountofferedMar 2020 · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Paul M. DiPernaExecutive Officer, Director
- Liam BurnsDirector
- Morgan FrankDirector
- William FebboDirector
- Carmen VolkartDirector
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$4.2MraisedApr 2019 · 18 investors · Other Health CareRule 506(b)
▶$4.2MraisedApr 2019 · 18 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Morgan FrankDirector
- Paul M. DiPernaExecutive Officer, Director
- Offering amount
- $7M
- Amount sold
- $4.2M
- First sale
- Nov 2018
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Modular Medical went on to found or lead other companies.
Related companies · 2
DiabetesA nonprofit organization that provides educational resources and information about prediabetes, including prevention strategies and lifestyle management for Americans at risk of developing type 2 diabetes.
Tandem Diabetes Care, Inc.Tandem Diabetes manufactures infusion sets—tubing systems with subcutaneous delivery sites—designed for use with insulin pumps to manage diabetes. The product line includes several models (AutoSoft XC, AutoSoft 30, VariSoft, TruSteel) with varying insertion angles and tubing lengths.
Companies working in the same space as Modular Medical.
Frequently asked questions
- What does Modular Medical do?
- Modular Medical develops the MODD1, an insulin pump designed to simplify the transition from manual daily injections and to enable diabetes data sharing with care teams. It serves people with diabetes and their healthcare providers in the diabetes care market.
- Who founded Modular Medical?
- Modular Medical was founded by Paul DiPerna.
- How much funding has Modular Medical raised?
- Modular Medical has disclosed $17.3M raised across 3 of its 5 known rounds.
- Where is Modular Medical headquartered?
- Modular Medical is headquartered in San Diego, US.