After its highly successful campaign for the Core Wireless audio system, Toronto-based Mass Fidelity has taken the crown as the top crowdfunding company in Canada. The Core raised $885,000 on Indiegogo with a $48,000 goal. The campaign topped the Vanhawks Valour, a Connected Carbon Fiber Bicycle which had raised $820,083. The team is almost finished with its Indiegogo Campaign which ends on November 2nd.
Mass Fidelity Becomes Top Crowd Funded Canadian Company in History; Core Wireless Speaker Campaign Currently at $885,000
The Core reaches more than 1840% of goal in successful crowdfunding campaign, with 2,500 contributors from over 80 countries around the world
Toronto October 28, 2014 The Mass Fidelity Inc. Indiegogo campaign for theCore Wireless Speaker System and Core Wireless Sub has continued to gain momentum since this months campaign extension and has now become the top crowdfunded Canadian company ever. The campaign launched in early September when it shattered its $48,000 funding goal within 24 hours and currently six days left in the campaign (Nov 2nd). At the time of the campaign extension in early October, the funding total had passed $675,000 and has since generated over $200,000 in additional funding. The Core is a beautiful, compact wireless speaker that combines “better than stereo” sound using Wave Field Synthesis with an impressive feature set including, portability, multi-room functionality and crystal-clear audio.
The previous record for Canadian companies was held by the Vanhawks Valour, Connected Carbon Fiber Bicycle which had raised $820,083 CAD via Kickstarter.
When we saw everyones reactions after hearing the Core, ranging from industry veterans to music lovers, we knew we had something great on our hands, but we have been absolutely floored by the response and support of the Indiegogo community, said Ben Webster, CEO and Co-Founder of Mass Fidelity. Over the past few weeks, weve held multiple events for campaign backers and potential supporters who are excited to hear the product. The Core is fundamentally different than any other wireless audio product out there due to the amazing acoustic hologram it creates, and our Indiegogo backers are the first in the world to be able to hear the future.
Along with the campaign extension, Mass Fidelity introduced the Core Wireless Sub as an additional product to the campaign. To date, nearly 600 backers have added the Core Wireless Sub to their campaign contributions on Indiegogo. Ben Webster and the team of audio engineers have been in the process of creating proof-of-concept samples and optimizing the design in order to create a product that produces the lowest bass in the smallest and most efficient cabinet.
Availability of Core With over 2,500 backers of the Indiegogo campaign, initial order fulfillment will begin in late Q4 of 2014 / early-mid Q1 of 2015. However, the Core will continue to be available for pre-order via Indiegogo through November 2 at $389 for one unit, $729 for two units, or $999 USD for three. Additionally, backers can secure the $399 price with the Save Now, Pay Later perk by paying $99 now and paying the remaining $300 balance prior to the unit shipping to the customer. Following the Indiegogo campaign, the Core will be available at the full retail price of $599 USD.
Availability of Core Wireless Sub The Core Wireless Sub will continue to be available for pre-order via Indiegogo for $229 for the Sub on its own, and $618 for the Core Wireless Speaker and the Core Sub combined. Additionally, backers can secure the a $249 price with the Save Now, Pay Later perk by paying $49 now and the remaining $200 balance prior to shipping. Following the campaign, the Core Wireless Sub will be available for the full retail price of $399, and units are slated to begin shipping to backers in June of 2015.
For more information about the Core Wireless Speaker System and its use of Wave Field Synthesis, please visit the Indiegogo campaign or introductory press release.
About Mass Fidelity
Mass Fidelity is a Canadian technology start-up formed by audiophiles, designers and engineers to liberate modern audio through technology. We design devices that adapt to and empower the changing ways in which listeners want to access and play music. Every decision we make is with three tenets in mind: revolutionary sound, functional design and freedom for the listener.
For more information visit: www.massfidelity.com, via Indiegogo, or follow on Facebook or Twitter.