Raumfeld GmbH, Berlin, Germany-based developer of a radio-based Multi-Room Audio System, has received an undisclosed seed funding from High-Tech Gründerfonds.
The funds will enable the company to increase the pace of development of its first Multi-Audio System and go to the market more quickly.
In addition, the financing also enabled complex software algorithms to be developed, which allow music to be streamed synchronously to many rooms via a standard LAN and wireless LAN.
Raumfeld has already filed for a patent for this procedure.
Commenting on the reasons behind the investment, Nicolas Kirschner, Investment Manager at High-Tech Gründerfonds, said: “We have been monitoring the discussion about the convergence of home and micro-electronics for a long time.
“Raumfeld has presented a concept which enables this convergence to become reality in the audio industry.
“In addition, the management team convinced us with its comprehensive knowledge of the industry and through its professionalism.
“Their innovative products give this company the best possibility to succeed in the dynamic and rapidly growing market for Networked Home Audio”.