Ukrainian startup nect WORLD launches Indiegogo campaign and reaches its funding goal in 5 days

Ukrainian company nect WORLD Inc., which produces 4G modems, has launched a crowdfunding campaign on Indiegogo and raised the required amount of $30,000 in 5 days. The amount keeps increasing.

What does the company do?

Kyiv-based startup develops 4G nect MODEM which equips a laptop with mobile secure high-speed Internet. The device is made of recycled plastic. The modem can have ten devices connected at a time. It has a built-in VPN and Firewall.

The nect MODEM is created since early 2019. The company plans to launch sales in October 2020. The starting price of the product on a pre-order basis will be $89, the retail price – $139.

In March 2020, the project joined the American Boomtown Accelerators. It invested $35,000 in nect MODEM in exchange for 7% common stock equity. According to the participation rules, such an investment does not affect the company’s valuation, as it doesn’t count as a funding round.