Mode Mobile Raises $1.235M from 11,000 Retail Investors, Opens New Round On Mission to Disrupt Smartphone Industry
Chicago, IIllinois–(Newsfile Corp. – August 24, 2023) – Mode Mobile, the technology company behind the world’s first EarnPhone™, announced today that it successfully raised $1.235M in its first-ever Reg CF community investment round. Over 11,000 retail investors – Mode Mobile users among them – acquired shares. The company’s vision is to turn the world’s 7 billion smartphones into income-generating assets.
With $50M+ in cumulative revenue and 40 million registered beta users across 170+ countries, Mode Mobile’s EarnPhone™ and EarnOS™ proprietary technology resonate with retail investors. As Airbnb did with homes and Uber did with cars, Mode Mobile has the power to compensate billions of users for the 4 trillion hours they spend on their phones every single year – a $1T market opportunity.
Mode Mobile has attracted capital from institutional investors M25, Romar Capital Partners, Innovate Indiana, Merrick Ventures, Garland Capital, and Pallasite Ventures. With the fresh injection of capital, Mode Mobile plans to increase EarnOS™ & EarnPhone™ adoption in new markets and close licensing deals to expand its fast-growing user base, which has already earned and saved $150M.
The $1.235M investment round oversubscribed in just over a month, forcing the company to create a waitlist of retail investors awaiting the possibility to invest.
Mode Mobile has officially opened a new investment offering to meet retail investor demand, with investments starting at $750. Visit invest.modemobile.com to invest in the future of the smartphone industry.
About Mode Mobile
Mode Mobile is a technology company unlocking the world’s most accessible income generating asset: the smartphone, paying users for their attention and engagement. Mode Mobile has 40M+ registered beta users across 170 countries taking advantage of its earning opportunities, generating $50M+ in revenue to date. Users have earned and saved $150M+ to date. For more information about Mode Mobile and to invest, please visit https://invest.modemobile.com/.
Contact: press@modemobile.com
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