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Future French Champions invests in Devialet

Future French Champions – a partnership between CDC International Capital and Qatar Investment Authority – has made its fifth investment in Devialet, a Paris-based audio products start-up.

Founded in 2007, Devialet holds over 100 patents and employs 230 people.
 
Its products are stocked by high-end retailers including Colette, Harrods and Kadewe.
 
Devialet’s connected speaker Phantom has also been marketed at Apple Stores since December 2015.
 
In a joint statement, CDC IC and QIA say: “With this fifth investment, our partnership Future French Champions led by Marc Auberger, has demonstrated its success. We are proud to support Devialet, an icon of French technology that transforms the way music and sound are reproduced and intend to contribute to its technical and commercial leadership.”

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