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August 13, 2007
Dutch Wireless Audio Startup Raises First Round with UK's Kennet
Three-year old Wireless Audio IP BV, which develops wireless audio modules and audio chips, has raised $6M its first round from Kennet Partners, the later stage UK-based VC firm.
Marketing its products under the name STS, the company was founded in 2003 by Reinier Winter and Hans Van Leeuwen. Its product deliver "uncompressed audio" to wireless headsets, speakers and iPod docking stations.
The company wants to get its technology into DVD systems, portable audio docking systems, amplifiers and speakers to enable them to handle wireless. It has offices in Singapore and Silicon Valley to support that goal.
Some design-in wins are what attracted the investor, so the press release suggests. That and the fact that it got this far without VC also made it one for Kennet's portfolio.
Two board seats for Kennet are part of the deal, occupied by Michael Elias and Eileen Tanghal.
View STS
Posted on August 13, 2007 07:10 PM | Posted to News And Updates | Permalink
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