ICA invests in the future of music tech | ICA
Summary
ElectroSpit, which makes the worlds only lightweight, fully-portable, tubeless talkbox a type of music instrument at its Oakland, CA headquarters, just received a $300K equity infusion from ICA.ElectroSpit was co-founded in 2017 by husband and wife team Bosko and Maya Kante. ElectroSpits talkboxes change all of that: they are portable, easy to use, and come with a deeply integrated app so that creators can use them whenever and wherever inspiration strikes.ElectroSpit was recently featured at ICAs 2021 virtual Pitch Event and is poised for growth as it looks to expand its product offering, marketing capacity, and distribution and sales partnerships. As a nonprofit venture capital Community Development Financial Institution (CDFI), ICA makes investments that support its mission to accelerate great businesses and build an economy that works for all. ElectroSpit is also part of the Black Music Entrepreneurship Incubator, which recently acquired property in West Oakland to serve as a cultural hub for musicians and artists of color. ICAs investment strategy intentionally focuses on supporting companies that are committed to our shared mission of wealth creation.Find more about ElectroSpit and its products at electrospit.com and join its equity fundraising campaign on Republic.