Mode Mobile
Growth Stage
The Biggest Disruption to Smartphones Since the iPhone
Overview
Raised: $3,203,716
Total Commitments ($USD)
Platform
Dealmaker Securities
Start Date
06/29/2023
Close Date
02/01/2024
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment
$450
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.08
Pre-Money Valuation
$99,500,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
124
% of Min. Goal
32,037%
% of Max. Goal
64%
Likelihood of Max
Avg. Daily Raise
$34,449
Momentum
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Year Founded
2015
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$24,947,043 |
$22,950,934 |
|
COGS |
$10,249,605 |
$7,849,687 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,374,278 |
$5,921,153 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$2,788,854 |
$1,816,189 |
|
Accounts Receivable |
$2,665,837 |
$6,158,722 |
|
Total Assets |
$6,890,553 |
$9,597,467 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/29/2023
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