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74%
Raised
£218,930
Investors
135
Target
£294,958
Equity
8.38%
Pre-money valuation
£3,226,103

MOD Devices creates all-in-one electronics that improves the lives of forward-thinking musicians. Operating in the $17.5bn+ music-equip market and backed by investment fund Leansquare, Crowdcube funds will allow for the development of core-markets through PR, branding, and communications.

  • Sold in more than 20 countries, now starting to scale up on core-markets
  • Successful Kickstarter for an entry-level product funded in 24 hours
  • Prolific development - Over 400 software applications released.
  • Effects market on the rise - primary segment with CAGR of 10% since 2017

Idea

MOD Devices aims to revolutionize the global music equipment market by developing smart audio devices that replace fragile computers and cumbersome effects setups for musicians.

Tired of having to deal with costly, heavy, and bulky equipment in their setups, the MOD Devices team has produced all-in-one black boxes that are portable and host a system that is easily programmed to substitute entire setups. A marketplace running a long-tail business model complements the hardware revenue source and allows customers to constantly renew their devices with new software launches.

After having quadrupled its revenue from 2017 to 2019 - 2019 rev € 178K, EBITDA (-€449K), the company has managed to grow sales by 102% in the first half of 2020 over the same period of 2019. MOD now prepares to enter 2021 addressing a larger market segment with its entry-level product, funded in less than 24 hours on Kickstarter.

Featured in some of the most important music-tech publications, the products were widely praised as the future of music equipment (Guitar Magazine), infinitely updatable according (Guitarworld), and for making advanced sounds more accessible (Engadget).

In an innovation-driven market poised to grow, MOD Devices is on a mission to offer ground-breaking technology with validated demand under the eyes of major influencers and specialized publications.

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This pitch is approved by Crowdcube

This pitch is approved as a financial promotion by Crowdcube Capital Limited. Every pitch on Crowdcube is reviewed to ensure it is fair, clear and not misleading.

As part of our commitment to investor transparency, Crowdcube’s Due Diligence Charter outlines the analysis and verification that is conducted on equity fundraises on Crowdcube by our legal and compliance professionals.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.