MUMO is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$300.00 minimum investment

MUMO

Sharing life's moments through music.

Small OPO
Los Angeles, CA
Social Media
Accepting International Investment
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MUMO IS A SOCIAL NETWORK THAT CONNECTS PEOPLE THROUGH MUSIC 

Invest in MUMO

MUMO ™ Music Moments is an iOS app that lets you capture and share life’s moments through music. It’s a simple way to let friends, family and fans listen to music together live, no matter where they are.  

“Our goal with MUMO was to bring back the days when people listened to music together as an activity. Listening to music was a social experience. In the last ten years, with smartphones and increasingly high fidelity headphones, it’s become a bit more solitary, and there’s an intimacy to listening to music with friends that is powerful that we wanted to spotlight.” 

— Jon Kraft, MUMO’s interim CEO and co-founder of Pandora.

Combining elements of Instagram and Turntable.fm, MUMO lets users capture a moment by taking a photo, pairing it with a playlist, and inviting friends to listen live. The time shared together is what we like to call a Music Moment.


“There is something very special about spending time together and listening to music and MUMO aims to recreate this experience digitally. Our mission is to connect people through music - no matter the distance and time.”

— Jean-Marc, co-founder of MUMO.

MUMO operates under a radio broadcast license and doesn't require a paid streaming subscription. This gives everyone the opportunity to join Music Moments - live. 


We decided to launch this crowdfunding campaign not only to raise capital to grow the company, but also to give everyone the opportunity to join our journey as we bridge the gap between music streaming and social sharing, not just as a user and ambassador, but as an investor as well.

INVESTMENT DETAILS

$3 / share | $3,000,000 pre-money valuation

Minimum investment of $300 / 100 shares

Investment opportunity available to accredited and non-accredited investors, with $300 minimum investment.

3334 shares | $10,002 offering minimum

35,660 shares | $106,980 offering goal

See Offering Summary for more information.

PERKS

$1,000+ Investment

If you invest $1,000 or more we will swag you out with a MUMO gift pack.

$2,500+ Investment

If you invest $2,500 or more you will receive all perks mentioned above and an invitation to a private music event in Los Angeles. Lodging and transportation not included.

$5,000+ Investment

If you invest $5,000 or more you will receive all perks mentioned above and we would love for you to meet the team at the MUMO Content Lab in Los Angeles and get a sneak peak of what we’re working on. Lodging and transportation not included.


HOW WE'RE DIFFERENT

MUMO IS SOCIAL

The ability to listen to music live, chat with friends, and share photos through MUMO creates a fun and powerful way to connect people. These genuine intimate connections are created maintained by our community.

LISTEN-LIVE 

Our technology allows anyone to listen to music beat-for-beat, no matter the time and distance on any mobile device across the US (territory expansion plan in the works).

CURATED BY YOU

If you're a musician trying to connect with fans, a blogger with great taste in music, or love discovering and sharing new music with friends, MUMO welcomes people just like you.

PRODUCT: HOW TO USE MUMO

In a few easy steps, you'll be sharing music with friends.

STEP 1 - CAPTURE

Take a photo or add one from your library and add a caption that fits your current mood or activity.

STEP 2 - SELECT MUSIC

Add songs or a playlist from your iTunes / Apple Music library or select from a MUMO Featured Playlist.

STEP 3 - SHARE

Set the moment to private for a small group of friends or public for everyone to listen together.

FEATURES

In MUMO, you can invite more friends into the Moment, share to social, add multiple photos, see what songs are up next and more…

SOME MUSIC MOMENTS FROM OUR COMMUNITY

From working out to kicking back at home, music powers various activities and moods in our community.

MARKET OPPORTUNITY

According to a recent study of streaming media consumption, more than 60% of streaming activity is done via mobile devices, and much of it can be linked to specific “moods and “moments.” The study estimates that, in the coming few years, ads aimed specifically at people engaged in particular “moods and moments” will account for $220 million in new ad revenue in the seven markets surveyed.* MUMO intends to own this market.

STREAMING IS KING

In the United States alone, the Digital Music market (Downloads/Streaming) has grown to over $4.2 billion in 2016. 2016 was a monumental year for Streaming as revenue increased by 72% and now represents 56% of all Digital Music revenue.** Additionally, after 13 years of growth since the beginning of commercial Music Downloads - - Download revenue has started to decline. In its wake, Streaming revenue will more than double between 2016 and 2021.**

REVENUE MODEL

While paid streaming subscriptions accounted for 76% of Streaming revenue in 2015, ad-based streaming has a huge potential, once ad spending for radio advertisement ($17 billion in the US in 2015) shifts towards music streaming.** MUMO is launching as a free streaming service and will introduce targeted advertisements and premium service offerings after meeting key audience benchmarks.

*https://groupmp6160223111045.azureedge.net/cmscontent/admin.groupm.com/api/file/2460 

**https://www.statista.com/download/outlook/whiterpaper/Digital_Music_Outlook_1016.pdf

WHAT WE'VE ACCOMPLISHED

Building a new social music app is a labor of love and dealmaking, as it sits at the nexus of art, commerce and community. This is what we’ve done so far to make it possible:


  • Completed a private beta which gathered feedback from key music influencers and our target audience. 
  • Designed a new streaming architecture that ensures a quality broadcasting and listening experience. 
  • Our “Listener-Side Auditing” patent is patent pending. Our patent protects our method of sharing music streams and enforcing license restrictions, which allow us to operate under a statutory license, providing a major cost advantage over competitors.
  • Received streaming approvals from both major and indie music labels. 
  • Structured agreements with performing rights organizations. 
  • Received $500K of VC funding.  

Because of our hard work and diligence, anyone and everyone can listen to music on MUMO – a major competitive advantage.

WHAT THE FUTURE HOLDS

The funds from this offering will allow us to continue to build and grow the MUMO brand and community.

PRODUCT DEVELOPMENT

  • Continue to improve the listening experience with new and innovative features. 
  • Implement revenue-driving initiatives.

PARTNERSHIPS

  • Continue to pursue partnerships with thought leaders and brands that echo our values and will help us grow the MUMO community. 
  • Finalize planned activities with upcoming major music and art events.

PROPRIETARY CONTENT DEVELOPMENT

  • One of our most exciting projects is the MUMO Content Lab (picture shown below,) which enables us to create original content with influencers from all walks of life, from athletes to photographers, and performers to pop culture icons.  The “Music Moments” they create will help us grow our brand and community, and provide monetizable content for MUMO, the creators and our partners. 

FUNDRAISING

  • We are beginning our Regulation Crowdfunding offering with a maximum raise of ~$107k. Upon completion of a financial and legal review, as required by SEC law, we will increase our maximum raise to ~$535k.

Stay tuned for more...

Offering Summary

Maximum 35,660 shares of Series A-1 Preferred Stock ($106,980)

Minimum 3,334 shares of common stock ($10,002)


Company
MUMO, Inc
 

Corporate Address
2404 Wilshire Blvd. Unit 4i, Los Angeles, CA 90057
 

Description of Business
MUMO is a social music app that lets you share the music you are listening to in real-time.
 

Type of Security Offered
Series A-1 Preferred Stock
 
Purchase Price of Security Offered
$3.00 per share
 

Minimum Investment Amount (per investor) 
$300.00









Phase 1 (This Offering): Up to $106,980 - 35,660 shares offered at $3 / share

We are currently in the financial and legal review process to increase our maximum offering and offer additional shares, as required by SEC law. After this process is complete we will advance our offering to Phase 2. The proposed details of Phase 2 are below:

Phase 2: Up to an additional $428,010 - 142,670 shares offered at $3 / share

Total Regulation Crowdfunding goal: $534,990 - 178,330 shares offered at $3 / share


Perks

$1,000+ We will swag you out with a MUMO gift pack.

$2,500+ You will receive all above perks and an invitation to a private music event in Los Angeles. Lodging and transportation not included.

$5,000+ You will receive all above perks and an invitation to meet the team at the MUMO Content Lab in Los Angeles and get a sneak peak of what we're working on. Lodging and transportation not included.


Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments."

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$59,575.00 USD
$500,063.00 USD
Cash And Cash Equivalents
-$1,089.00 USD
$500,063.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$243,225.00 USD
$221,892.00 USD
Long Term Debt
$500,000.00 USD
$500,000.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$473,499.00 USD
-$256,682.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

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