In November 2022, Kano Computing, which sells hardware targeted at musicians and creatives, cut ties with Kanye West (now Ye) over the rappers’ anti-semitic comments and a conflict over terms.
The British audio and computing hardware company reached new heights after releasing Stem Player, an audio remixing device that allows users to customize recordings. The London-based startup launched the device in August 2021, in conjunction with the release of West’s Donda album.
Complex reported that the company “sold more than 100,000 units in the initial drop, with each device selling for $200.” West’s Donda 2 album was released exclusively on the Stem Player in February 2022.
However, after severing ties with the rapper, the British company is now planning to solicit equity capital from its customers and admirers as it charts a new path. According to CNBC, the firm will launch a crowdfunding campaign on Crowdcube where regular people will be able to own a portion of Kano alongside Microsoft and billionaire investor Jim Breyer’s Breyer Capital. Microsoft and Breyer are among Kano’s institutional backers.
Kano is seeking to raise $900,000 from private investors in the United Kingdom and Europe and later expand the drive to the United States.
Kano Computing first started as a venture to help kids code with computer kits that are not difficult to build. It then transitioned to developing audio products, the main one being its Stem Player.
Kano Computing founder Alex Klein first met with West in 2019. The two discussed what eventually became known as the Donda Stem Player, now Stem Player.
However, the relationship between the two deteriorated following a series of anti-semitic comments by the rapper and disagreements over terms. Before that, West verbally committed to purchasing Kano for $80 million, according to CNBC.
Should the crowdfunding become successful, Kano plans to launch a pair of white headphones called the Stem Headphones, by the end of 2023 or early 2024.
Anthony Madu, the 14-year-old Nigerian dancer from Lagos who gained admission to a prestigious ballet…
Actor-host Wayne Brady recently opened up about his early financial struggles in his now thriving…
Mia Arianna, also known as @mia.ariannaa on TikTok, helped her son become an honorary team…
Alvin Gauthier, a Grand Prairie USPS postman, recently went above and beyond to brighten a…
Maj. Gen. Fatuma Gaiti Ahmed is the first female commander of the air force and…
Benjamin E. Mays High School brought together its 272 senior class members for a meeting…
Afrika Owes' emotional response to learning that she had passed the bar exam on her…
A 49-year-old New York attorney was on April 26 sentenced to 10 years in federal…
During an appearance on The Jennifer Hudson Show on Wednesday, pop legend Cher opened up…
Authorities in Florida said an 11-year-old boy was accidentally shot and killed by his 14-year-old…
The famous Taylor Schlitz family is making headlines once more as the youngest of the…
Sony Pictures Entertainment has appointed Tahra Grant as its Chief Communications Officer. She replaces Robert…
Meet Ashley M. Fox, the founder of Empify and the first in her family to…
Tyra Banks, the iconic former host of Dancing With the Stars, has made a delightful…
A Brazilian woman named Érika de Souza, 42, is under investigation for manslaughter after authorities…