Modal Living
OperatingMODAL LIVING, INC.
Real Estate · Salt Lake City, UT · Founded 2019
Modern, modular backyard homes and offices
Financials
FY2019–FY2021 · from SEC filings · hover any figure for its sourceFigures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Pre-money — the valuation set before each round’s money came inBlue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.
Cap table
Principal holders% as the filing states it, Oct 26, 2021
- Modal Holdings, Inc.75.0%of company
- Capital Thirteen, LLC25.0%of company
Sold to the crowd
- Reg CF · Jun 2021$715.9K
- Reg CF · Oct 202146,216 shares at $8.35$385.9K· 375 investors
From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.
Fundraising history
Team
6 people
Scott Stowell spent 30+ years in the homebuilding industry. He served as COO, CEO, and Executive Chairman of the 8th and 4th largest public homebuilders in America. He also served as a board member of Lennar, the largest homebuilder in the nation. Scott is passionate about housing, community development, and providing sustainable and affordable homes for the underserved. Scott invested in and joined Modal because he was moved by its mission and team.
Served organizations ranging in size from small private equity to Fortune 100 in the financial services, technology, biotech, energy, real estate, consumer products, manufacturing, forestry, and healthcare sectors. Managed global teams responsible for building out financial capabilities, improving process efficiencies, analyzing risk, enhancing internal controls, and achieving regulatory compliance.
Chris has decades of experience in commercial and residential land development and construction management. During his career he has worked on acquisition, entitlement, design, budgeting, and construction management on several notable commercial developments.
Lily’s background is in real estate and community development work, with a strong focus in affordable housing development, finance and policy. She is passionate about furthering high-quality, equitable development. Lily most recently led National Development Council’s West Region team which provides development and financial advisory services to municipalities and nonprofits. Lily previously served as Deputy Director of Salt Lake City’s Housing and Neighborhood Development Division and led business development activities for a large affordable housing developer in the Bay Area. She has a Bachelor’s degree from Williams College and a Master’s degree in Urban Planning from Harvard University.
Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.
Reg CF annual-report compliance
Filed 1 of 5 annual reports (FY2021–FY2025)
Missing: 2022, 2023, 2024, 2025
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.