Warwick Audio Technologies Raises £858,000

Warwick Audio Technologies Ltd, a Coventry, UK-based company specialising in the development of ultra-thin, lightweight mid-range loudspeakers for Original Equipment Manufacturers, has raised £858,000 in a second funding round from a syndicate of investors.
The new capital infusion will enable the company, a spin out from the University of Warwick, to commercialise its technology to customers developing and manufacturing audio products for public or multiple listener spaces.
Warwick Audio Technologies, which had raised £200,000 in seed funding from the Mercia Technology Seed Fund (MTSF), is expected to finalise another round in late 2010.

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