Mixhalo, a San Francisco, CA-based creator of the wireless networking technology that delivers pristine, high-quality audio in real-time to attendees at live events, raised $24m in Series B funding.
The round was led by funds managed by affiliates of Fortress Investment Group, with participation from L-Acoustics, the industry leader in premium sound reinforcement and immersive technologies for live events, as well as Foundry Group, Sapphire Sport, Founders Fund, Defy Partners, and Another Planet Entertainment.
The new funding will be used to scale up all aspects of the business, from engineering and marketing to growing the team.
Conceptualized by Incubus Guitarist and Songwriter Mike Einziger and Internationally-Acclaimed Violinist Ann Marie Simpson-Einziger, and led by John Vars, CEO, Mixhalo is a real-time audio platform delivering a high-quality, immersive experience for live events including concerts, conferences, festivals, sporting events, and anywhere people gather to hear content. It enables live event organizers to give audiences exactly what they came for, with real-time audio delivered directly to attendees’ own phones (via a free app) and headphones.
Clients and partners to-date include: Aerosmith, Charlie Puth, Incubus, Metallica, TechCrunch Disrupt, Sting, STAPLES Center (soon-to-be Crypto.com Arena), and multiple venues housing NBA and NHL teams. The company is backed by investors including Foundry Group, Sapphire Sport, Founders Fund, Defy Partners, Cowboy Ventures, Red Light Management, and others in technology, sports and entertainment.