All items tagged with investment (25)

Denmark Creates Accelerator Program for Startups Involved in Sound and Audio Technologies

February 3, 2023 by audioXpress Staff

Denmark Creates Accelerator Program for Startups Involved in Sound and Audio Technologies

Denmark should be the world’s best place to develop and operate businesses using sound and audio technologies. After all, that's the country where some of the most cutting-edge audio companies originated, including most of the speaker and audio test and measurement names. Now, a new partnership between Sound Hub Denmark and Danish Creative Industries (DCI) established an ambitious and innovative accelerator program for international startups named: SoundTech Accelerator.

Biamp Owner, Highlander Partners Announces the Acquisition of McIntosh Group

June 16, 2022 by Joao Martins

Biamp Owner, Highlander Partners Announces the Acquisition of McIntosh Group

Highlander Partners, L.P., a private investment firm from Dallas, Texas, announced the acquisition of McIntosh Group, through a newly-formed holding company. The investment firm has a plan for the audio market and it might have to do with residential integration, since it also acquired Biamp Systems in 2017, a company in the commercial audio segment that has since pursued an ambitious expansion plan with multiple acquisitions. Highlander states that the McIntosh Group will serve as an anchor for a new Highlander luxury technology platform.

DSP Concepts Closes New Funding Round and Appoints Yuchun Lee as Executive Chairman

January 27, 2022 by Joao Martins

DSP Concepts Closes New Funding Round and Appoints Yuchun Lee as Executive Chairman

DSP Concepts, the company founded by Paul and Chin Beckmann, and the creators of the Audio Weaver DSP platform that powers sound and voice features in many of the world's leading consumer and automotive brands, announced that it has successfully closed $28 million in Series C funding. Joining as leading investor, entrepreneur Yuchun Lee has been appointed as Executive Chairman and is intent on leading the company's growth as the enabler of the "Audio of Things."

USound Raises $30M to Ramp Manufacturing of Second-Generation MEMS Technology

December 17, 2021 by audioXpress Staff

USound Raises $30M to Ramp Manufacturing of Second-Generation MEMS Technology

USound, the Austria-based developer and manufacturer of micro-electromechanical systems (MEMS) speakers for personal devices and wearable technology, announced that it has raised $30 million USD (€25 million EUR) to move into mass production of its second generation MEMS devices, with commitments from several global companies. The investment will ensure that USound will be in a position to build a stable supply chain to meet growing demand for its second-generation MEMS technology.

Mimi Hearing Technologies Reinforces Funding and Closes Deals With Skullcandy and Cleer Audio

December 14, 2021 by audioXpress Staff

Mimi Hearing Technologies Reinforces Funding and Closes Deals With Skullcandy and Cleer Audio

Berlin-based Mimi Hearing Technologies has successfully closed a new funding round led by progressive German deep-tech investors MIG Capital and a larger Munich based family office, joined by existing shareholders as Mimi continues to bridge the gap between hearing wellbeing and audio consumption. The new funds will support expansion of Mimi's technology platform as well as marketing and sales operations in the US and Asia, as the company closes new deals with more audio manufacturers.

Dutch Speaker Company Mayht Receives Investment from Swedish Solar Cell Company Exeger

December 2, 2021 by Joao Martins

Dutch Speaker Company Mayht Receives Investment from Swedish Solar Cell Company Exeger

Swedish company Exeger - the company behind the Powerfoyle solar cell material already powering self-charging consumer electronic devices - venture capital firm Forward.One, and music producer and DJ Martin Garrix, have led the latest funding round of investment in the innovative Dutch audio-tech start-up, Mayht. The Series A follow-on round takes investment in the firm to nearly USD $10 million so far.

October 20, 2021 by audioXpress Staff

Behrman Capital Sells Pelican Products to Platinum Equity

Behrman Capital, a private equity investment firm based in New York, announced that it has reached a definitive agreement to sell its portfolio company Pelican Products, including the Peli BioThermal division, to Platinum Equity. Pelican Products is a global leader in the design and manufacture of high-performance protective cases and rugged gear for professionals and outdoor enthusiasts.

September 29, 2021 by audioXpress Staff

Vesper Completes $16M Financing to Accelerate Growth

Vesper, the pioneer in piezoelectric MEMS microphones and sensors that is now empowering edge-AI applications in consumer devices, closed a $18M financing round led by Accomplice. Vesper also received investments from Applied Materials Ventures, Sands Capital, Bose, Amazon Alexa Fund, Gopher Asset Management, ITIC, World Peace Group, Unitrontech, and MegaChips. The round brings Vesper's total funding to date to $73M.

Ora Graphene Announces Strategic Investment to Advance GrapheneQ Commercialization

June 15, 2021 by audioXpress Staff

Ora Graphene Announces Strategic Investment to Advance GrapheneQ Commercialization

Ora Sound Graphene, the Canadian company that is the world's first commercial producer of free-standing graphene membranes for speaker drivers, announced the closing of its $3 million Seed financing round today. The deal was led by Ecofuel Fund along with Export Development Canada (EDC), BDC Capital and certain members of New York Angels. Existing investors TandemLaunch, and BoxOne Ventures also participated in the round.

June 11, 2021 by audioXpress Staff

Noveto Systems Receives New $10M Million Investment from Adit Ventures

Noveto Systems announced the successful completion of a bridge of $10 Million from renowned technology investors Adit Ventures, a firm that has invested in some of the world’s leading disruptive companies, with exits in GoPro, Spotify, Palantir and Lyft. The investment is set to enable rapid company expansion and help promote Noveto's revolutionary personal sound beaming concept to new markets.

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