Graduated from Winter 2016 batch of Y Combinator and one of our portfolio startups, SOUNDBOKS that builds battery-powered Bluetooth speakers has raised 52M DKK (almost $8.3M) from local venture capital firm, Heartcore Capital, Vaekstfonden (Danish state’s investment fund) and M-Venture (the investment unit of Mast-Jägermeister SE which is a German liquor company).
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The money will be used for marketing and sales, and enhancing the scale and the scope of the product development.
Soundboks, founded in 2015 by Christoffer Nyvold, Hjalte Emilio Wieth and CEO Jesper Theil Thomsen, is a consumer electronics company that designs and manufactures hardware, namely portable sound systems and speakers for outdoor and mobile usages such as for festival seasons and beaches, enabling users to carry their own sound system wherever they go. The company, which is co-located in Copenhagen and Los Angeles, had a 47% growth in 2019 and continued strong growth throughout the first half of 2020.
Please read the full story at Nordic 9.