A capo-light system is disclosed herein. The capo-light system includes a capo device and an electronic handheld device. The capo device is coupled at a defined portion of a stringed instrument. Additionally, the capo device includes a clamp member configured to be coupled to strings of stringed instrument at defined portion. A light source is positioned at an end of a retractable arm attached to clamp member and configured to provide a first set of functionalities. Furthermore, a microphone is positioned at the clamp member and configured to provide a second set of functionalities. An electronic handheld device is coupled to capo device via a communication network and is configured to control the first set of functionalities associated with the light source and the second set of functionalities associated with the microphone.