Funding
The public venture capital fund High-Tech Gründerfonds has invested in the seed funding round of Raumfeld GmbH, enabling the company to launch its radio-based multi-room audio system.
The company claims this represents the hi-fi system of the future, making it possible to play back music from digital and analogue sources synchronously in many rooms while maintaining a high quality of sound, using commercially available networks. The system combines a touch screen remote control with a standards-based music server and high performance wireless LAN speakers.
Nicolas Kirschner, Investment Manager at High-Tech Gründerfonds, said the fund has been monitoring the discussion about the convergence of home audio and micro-electronics for a long time. “Raumfeld has presented a concept which enables this convergence to become reality in the audio industry. In addition, the management team convinced us with its comprehensive knowledge of the industry and through its professionalism. Their innovative products give this company the best possibility to succeed in the dynamic and rapidly growing market for Networked Home Audio.”
The finance from High-Tech Gründerfonds has also enabled complex software algorithms to be developed, which allow music to be streamed synchronously to many rooms via a standard LAN and wireless LAN. Raumfeld has already filed for a patent for this procedure.
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