July 26, 2021 I Finance
Ciari Guitars Raises More Than $1.5M During Wefund Campaign
Ciari Guitars, inventor of the Ascender, an electric travel guitar, as announced that investors looking to get in on the ground floor of the patented music-technology company invested more than $1.5 million as part of the Ciari Guitars’ Wefunder campaign site earlier this year.
In the face of the surge in musical instrument interest thanks to the pandemic, Ciari Guitars said in a statement that it’s primed to take full advantage of this unique opportunity by defining a new standard in travel guitars with the Ascender, which is currently available, and a host of other musical innovations, including a mid-tier electric guitar, a carbon fiber acoustic and a short-scale electric bass.
The Ascender was designed and built with a quality first, convenience second mentality. A concealed lever de-tensions the strings and unlocks a hinge at the neck, which allows the guitar to bend completely backwards as the strings follow the fold under light tension. It can fit in a backpack and, according to the company, takes up less space than any guitar, travel or otherwise, on the market.
To play again, it’s as simple as straightening the neck and returning the lever to its concealed, locked position. The strings are automatically retightened and only require a mere top-off tune before play. The Ascender is a full-size, 24 ¾-inch scale, gig-ready electric with a traditional look, single cut-away design and quality finish. It features a soft C-style neck profile, Graph Tech Ratio locking tuners and Seymour Duncan ’59 Model humbucking pickups.
“It was extremely exciting to invite the public to invest in Ciari Guitars and take part in this rare opportunity,” said Jonathan Spangler, Ciari Guitars’ CEO. “Due to the nature and stage of the company, as well as the macro trends of vaccinations rising and travel opening up, it was the perfect time for investors to get on board.”
“I think post-pandemic, it’s going to be the Roaring ’20s again,” said Hany Nada, lead investor and Silicon Valley venture capitalist. “I think you’re going to see an explosion of travel and entertainment. That’s where I’m investing most of my capital, and I think Ciari Guitars [is at] a great juncture.”
