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eQventure leads USD30m USound investment round

Austrian venture capital firm eQventure has led a USD30 million investment round in USound, a global developer and manufacturer of micro-electro-mechanical systems (MEMS) loudspeakers for personal devices and wearable technology. Sound will use the funds to move into mass production of its second generation MEMS loudspeakers for several global companies. 

Venture capitalists Hermann Hauser (co-founder of ARM) and Longzhong Yang (co-founder of BYD) also invested, while there was strong participation from the European Investment Bank too.

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