Mass Fidelity is now the top crowdfunded Canadian company ever after its Indiegogo campaign for Core Wireless Speaker System and Core Wireless Sub reached $885,000 by closing (November 2).
Core Wireless Speaker
The campaign launched in early September and broke its $48,000 funding goal within 24 hours of launch. In October, the funding total had passed $675,000 and has since generated over $200,000 in additional funding. The Core is a 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's Connected Carbon Fiber Bicycle which raised $820,083 via Kickstarter.
“When we saw everyone’s 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, we’ve 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.”
Mass Fidelity introduced the Core Wireless Sub as an additional product to the campaign in October. 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.
With over 2,500 backers of the Indiegogo campaign, initial order fulfillment will begin in late 2014 and early 2015. Following the Indiegogo campaign, the Core will be available at the full retail price of $599 USD. 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.