Overview

Raised to Date: Raised: $4,876,865

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

06/28/2023

Close Date

11/20/2023

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

$0.16

Pre-Money Valuation

$99,500,000

Venture Capital Investors:

Kosmos Ventures

Rolling Commitments ($USD)

Status

Funded

Reporting Date

11/29/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$33,867

# of Investors

3,715

Momentum

Funded

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Mode Mobile

Year Founded

2015

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

CHICAGO, Illinois

Business Type

High Growth

Company Website

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: 06/28/2023

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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.

Read Founder Interview