Actiwave AB, a Swedish start-up technology company has raised SEK15 million in a rights issue lead by SEB Venture Capital. SEB also acquired all shares held by the current seed financier, Innovationsbron.
Founded in 2007 by Pär Gunnars Risberg, Actiwave AB is a Swedish start-up company that has developed a unique algorithm that significantly improves sound reproduction. The company has combined various research findings to pioneer an innovative technology that provides considerably enhanced sound quality to loud speaker systems, enabling small and flat panel speakers to reproduce a richer and wider sound spectrum.
The technology can be applied to loudspeakers in consumer electronics such as flat-screen televisions, laptops, tablet PCs and mobile phones. The capital from the rights issue will enable both the launch of
Actiwave’s own speaker brand, Opalum, and the licensing of the Actiwave technology to manufacturers of consumer electronics.
Ulf Lewander (pictured), Investment Manager at SEB Venture Capital, and David Sonnek, head of Technology Investments at SEB Venture Capital, says "Actiwave has succeeded in developing a highly innovative technology. By complementing technical excellence with a strong commercial drive Actiwave opens up a potentially huge market. We look forward to continued successful development of the Company and would like to thank Innovationsbron which has been an important partner in the Company’s early development stage."
Pär Gunnars Risberg, CEO and Founder of Actiwave, says: "This is an important milestone for Actiwave. The capital investment not only allows for faster development, gives the company a stronger market standing, but is a good example of one of the Swedens most renowned venture capitalists developing a strong international business with a foundation in innovative Swedish technology."
