SEB Venture Capital Backs Actiwave

Swedish start-up Actiwave AB has sealed $2.3 million in a round led by SEB Venture Capital. As part of the funding, SEB Venture Capital acquired all shares held by seed investor Innovationsbron, the company announced Friday. Formed in 2007, Actiwave has developed algorithms that significantly improve sound reproduction. The technology is aimed at loud speaker systems. With the new infusion of capital, the company aims to launch its own brand of speakers, as well as license it’s technology to other manufacturers.

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