SEB VC leads SEK 15m Actiwave investment

Other investors in the round consisted of private individuals. The transaction also sees SEB VC acquire all the shares held by seed investor Innovationsbron. SEB VC will own a 39% stake in the company.

Funding will allow the company to launch its own speaker brand as well as the licensing of Actiwave's technology to manufacturers of consumer electronics.

Company
Actiwave was founded in 2007 and has developed an algorithm that improves sound reproduction. The technology provides enhanced sound quality to loud speaker systems and can be applied to speakers in consumer electronics such as flat-screen TVs, laptops, tablet PCs and mobile phones. The company is headquartered in Linköping.

People
Investment manager Ulf Lewander and David Sonnek, head of technology investments, worked on the deal for SEB VC. Lewander has also joined the company's board of directors.

Advisers
Equity – R3 (Financial due diligence); AWAPatent (Patent due diligence); 2Secure (Management due diligence).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Technology
• Early-stage
• SEB
• Sweden