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Devialet raises $106 million to fetch audio speakers to US and Asia

The French speaker company Devialet has raised 106 million dollars in series C

round from numerous investors to enhance its growth in Asia and US. Ginko

Ventures has led the round with input from Foxconn; group Renault, Sharp

Corporation, Playground Global, Future French champions, BPI France and

Korelya capital. As per the Pellerin ‘Devialet is an actual pearl that has been able

to innovate and put its whole heart of a technology revolution’. The investment of

Korelya Capital is also remarkable as the fund which totally focuses on Korean and

European investments were co-founded this year and it will also join Devialet

board.

Future plans

With the new funding, Devialet will plan to allocate its speakers in various sectors

like the internet of things and automotive trough new partnerships, it will open

new flagship stores in London, Paris and New York and also invest in more R&D.

according to the company’s future strategy, it will double its turnover every year.

According to CEO Quentin Sannie’ we have already commenced very promising

common projects’. The company also said that it presently has 230 members of

staff about double its headcount from the last year.

About Devialet

Devialet is a French company which was founded in 2007 and has speedily

become the world head in high-end amplifiers and the awarded startup in audio

history. This company has launched phantom which is the best-connected

speaker in the whole market. This company fully focuses on to offer the world the

greatest products, experiences, technologies, that audio companies have ever

known. Its main aim is to make the company universal. After raising 100million

dollars Devialet has announced to fund the expansion of its proprietary tech

surrounded by the smart devices, television sectors and auto.

Source: www.tech.eu

Devialet raises $106 million to fetch audio speakers to US and Asia
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