COPENHAGEN — March 19, 2015. Merus Audio has raised EUR 2.2M in its Series B round of financing.
The round is lead by Capital-E, a leading European venture capital fund with exclusive focus on micro/nano-electronics and advanced materials. Capital-E is joined in the round by existing investors VF Venture, the venture arm of The Danish Growth Fund, and a group of private investors.
“We are excited to partner with Merus Audio and its team. The company has developed a well patented breakthrough technology with clear USPs for its customers in a market that is quickly evolving and fast growing. We expect the company to change the dynamics of the market and see quick growth over the next couple of years,” commented Marc Wachsmuth, who will join the board of Merus Audio as representative for Capital-E.
Merus Audio develops audio amplifier ICs for a wide range of high-volume consumer electronics applications. The ICs are based on the company’s proprietary technology that offers ultra-high energy efficiency in very compact amplifier solutions. In 2015 the company will release its initial MA12040/MA12040P and MA12070/MA12070P amplifiers for mass production, designed for use in consumer audio products.
“We have sampled our audio amplifiers to customers for more than a year and we experience tremendous interest in our technology and products. The new investment allows to us boost our effort in getting to market efficiently and ramp to mass production,” says Hans Hasselby-Andersen, Founder and CEO of Merus Audio. “We welcome Capital-E into the investor team to support this effort.”
The Company’s technology utilizes a unique amplifier topology to achieve unparalleled energy efficiency. Combined with an advanced digital power management scheme the amplifier operates with very low power losses at any audio playback level. Compared to conventional amplifiers, the technology also reduces the need for large and expensive components and thereby enables extremely compact single-chip amplifier solutions.
“Our customers face significant challenges in the design of modern consumer audio products and are under constant pressure to extend battery lifetime, reduce size and minimize bill-of-material. Our amplifier solutions address exactly these challenges and at the same time offer market leading audio performance,” says Hans Hasselby-Andersen.
Merus Audio’s first amplifier ICs target Home Audio products, ranging from sound bars, home theater and stereo systems to the wide, fast-growing range of wireless enabled speakers that, combined with the proliferation of the Internet of Things, creates significant opportunities for energy-efficient and compact technology.
“We made our first investment in Merus Audio a few years ago when we were presented to the basic technology concept. The team has since shown great accomplishments in implementing this totally novel audio amplifier topology into a very advanced audio chip, now ready for mass production. This reflects the strong audio heritage we have in Denmark,” says Soren Nielsen, Partner at The Danish Growth Fund.
The company is preparing to fan out its technology to other consumer segments as well, including the large market for portable consumer products.
About Merus Audio
Our ambition is to create audio amplifier solutions that maximize output power, audio performance and design freedom. By challenging conventional wisdom we are creating cooler, smaller, lighter and better sounding amplifiers – for the benefit of all who love audio.
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