Mode Mobile (2023)
About this raise
Mode Mobile, with a valuation of $99.5 million, is raising funds on Dealmaker Securities. The company is transforming smartphones into EarnPhones with its proprietary EarnOS. Mode Mobile’s EarnPhone comes with built-in earning features through which users can earn up to $1,200 per year by listening to music, playing games, tracking fitness, shopping, reading the news, and more. Dan Noaves and Kiran Panesar founded Mode Mobile in April 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for product development, operations, manufacturing, and marketing.
Investment Overview
Invested : $4,876,865
Deal Terms
Total Commitments
- Platform
- DealMaker Securities
- Start Date
- 06/29/2023
- Close Date
- 11/20/2023
$10,000
$5,000,000
$450
Equity - Common
Seed
RegCF
$0.16
$99,500,000
Company & Team
Company
- Year Founded
- 2015
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +9% YoY
- $24,947,043
- Monthly Burn
- $197,857
-
Runway
- 14.1 months
- Gross Margin
- 59%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- Yes
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Founder Interview
Dan Novaes: Crafting an Ecosystem for Smartphone Profits
In an era where digital devices are ubiquitous, Mode Mobile's CEO Dan Novaes presents a compelling case for re-envisioning the utility of smartphones. This founder profile examines the company's approach to converting routine mobile interactions into potential income streams. Through this lens, we explore the implications of Mode Mobile's business model and its potential impact on the broader digital economy. Join us in an analytical exploration of how Mode Mobile seeks to redefine the intersection of technology and personal finance.