Modbook Inc. Quickly Surpasses $100k in Investments, Securing Offering Success Early in its Wefunder Equity Crowdfunding Campaign

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Bridging the gap to traditional crowdfunding campaigns, Modbook adds gift vouchers from $300 up to $900 as new investment perks

Having reached our first milestone, we'll be able to move the Modbook Pro X into pre-production and fund key business budgets

Creative technologies developer and privately held Modbook Inc., who launched its first equity crowdfunding (Regulation Crowdfunding, "Reg CF") campaign earlier this fall, announced today that the campaign passed $100,000 at the end of November, successfully reaching and exceeding its minimum target offering amount.

With this early success in the company's Wefunder Reg CF campaign, Modbook is well on its way to becoming the first community-owned Mac tablet maker.

“We couldn’t be more grateful to everyone who helped make this investment campaign already a success, at this early stage in the campaign. Having reached our first milestone, we'll be able to move the Modbook Pro X into pre-production and fund key business budgets," said Andreas Haas, Modbook Inc.’s CEO and Lead Engineer.

Unlike traditional equity fundraising vehicles which are open only to so called “Accredited Investors”, meaning high-net-worth individuals or entities, Regulation Crowdfunding campaigns are open to everyone. Investors in Modbook's Reg CF campaign are able to purchase an equity stake for as little as $100 and will share equally with all other shareholders in the potential future financial success of the company.

Furthermore, bridging the gap to traditional crowdfunding campaigns run on platforms like Kickstarter and Indiegogo, where backers only receive recognition or product rewards, Modbook also refreshed its line up of investment perks. In addition to the company's equity, investors, depending on the investment amount, will also receive fully transferable gift vouchers redeemable towards future product purchases from Modbook, starting with a $300 voucher at the $250 investment level, up to a $900 voucher at the $750 investment level. These new perks will also retroactively apply to all current Wefunder investors.

"Inspired by the high number of new investors and followers that are also looking forward to becoming Modbook Pro X customers, we're happy to take a hint from all the inquiries asking for the type of incentives more commonly associated with traditional crowdfunding campaigns," said Mr. Haas.

For more information on the equity crowdfunding campaign and other available perks, as well as the upcoming Modbook Pro X, visit http://wefunder.com/modbook.

ABOUT MODBOOK INC.
Modbook Inc makes the macOS tablets that Apple won’t. Privately held, the company and its dedicated team are headquartered in Los Angeles, California, and at http://www.modbook.com.

ABOUT MODBOOK WEFUNDER CAMPAIGN
Following the impressive Top 100 Kickstarter success that started the Modbook Pro X project, Modbook Inc is taking the next natural step to make the company the first community-owned Mac tablet maker through a true equity crowdfunding campaign.

The upcoming Modbook Pro X with Touch Bar is the first product designed by Mac creatives for Mac creatives and the first convertible macOS-based pen tablet computer on the market. A full-featured, all-in-one tablet-to-laptop convertible is aimed at power and performance dependent Mac users, who require a pen in their workflows. Architects, designers, and animators are just a few of the over 369k creative Mac professionals who need a lot more than email and internet access and are spending a combined $1.9 billion on pen-enabled tablet solutions in 2017.

With a proven ecommerce platform and Modbook customers in 70 countries. Modbook is raising funds with a Regulation Crowdfunding campaign through the SEC-registered and FINRA-regulated platform Wefunder platform here http://wefunder.com/modbook.

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Megan Jasso
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