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.
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.