Modalyst is the technology layer powering dropshipping, enabling ecommerce retailers to source & sell products w/o the financial risk of purchasing inventory.

  • Stage Full Product Ready
  • Industry Fashion
  • Location New York City, NY, USA
  • Currency USD
  • Founded January 2013
  • Employees 6
  • Website

Company Summary

Today, more than half of all ecommerce retailers dropship a portion of their inventory sold online. Modalyst is the technology layer powering dropshipping, enabling ecommerce retailers to source and sell unique products without the financial risk of purchasing inventory. With our extensive marketplace of +650 independent brands and integrations into shopping cart technology platforms, ecommerce retailers have added +200,000 products to their storefronts in one-click. Modalyst aims to be the world’s largest platform powering the distribution of inventory available immediately through ecommerce and social media. We were born at MIT and raised in NYC.

Since the launch of our Dropshipping Marketplace in June 2015, we have been experiencing amazing traction. Over 90% of the brands dropshipping receive requests for their products every single week! Over 200,000 products were added to online retailer’s stores in 4 months. In fact, a dropshipping retailer adds an average of 19 brands to their store within their first week on Modalyst. This keeps the brands active. Over 90% of the brands are on Modalyst every month uploading products and communicating with retailers.


  • Jill Sherman
    CEO & Co-Founder

    Jill Sherman, CEO and Co-Founder of Modalyst, spent over 12 years working in luxury fashion at Vogue, Prada, and Harvey Nichols. Jill has lived/worked in China for 5 years, holds a BA from Tufts University, and an MBA from MIT Sloan. Jill was honored by Crain's as a Woman to Watch in NY Tech 2014 and presented at TEDx in October 2014.

  • Alain Miguel
    COO & Co-Founder

    Alain Miguel, COO & Co-Founder, spent 4 years in corporate strategy at JP Morgan reporting directly to the CFO. While an undergrad at Yale, Alain launched a successful polo collection, so he understands the pain points from the designer perspective. He holds a BA from Yale University and dropped out of MIT Sloan to pursue the dream of creating Modalyst. Alain was named a Forbes 30 Under 30 in 2015.

  • Lead Engineer

    Blue has spent the last 15 years working for startups at all stages of development. He is most skilled at building the architecture from conception and scaling to a full-scale tech team. He is fluent in Python, Django, CSS, Java, HTML, and Ruby on Rails.


Previous Investors

  • Aaron Allon
    Principal at MI Ventures
    David Williams
    Founder of Red Giraffe Advisors
  • Founder of 10th & Hudson
    Founder and CEO of SixDoors
    Christopher Austin
    Partner at Orrick
  • Moda Investors
    2020 Ventures
    MI Ventures

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