Ingenious Audio secures a six-figure investment from Kelvin Capital, The Scottish Investment Bank, and e2c to commercialise its Fi-Live technology.
The funding was led by Kelvin Capital alongside co-investors to support commercialisation and new licensing partnerships.
Formed in 2010 and based in Edinburgh with design teams in Glasgow, Ingenious Audio develops patented Wi-Fi audio technology. The firm specialises in high performance wireless audio solutions for live music, gaming, and virtual reality applications.
Edinburgh-based Ingenious Audio has raised a six-figure funding package from Kelvin Capital, The Scottish Investment Bank, and e2c to commercialise its patented Fi-Live Wi-Fi audio technology. The capital will enable the firm to secure new licensing partners and expand the application of its core technology into wireless television speakers, gaming, and virtual reality.
Fi-Live is positioned as a superior alternative to Bluetooth, offering extended range, higher fidelity, and faster transmission rates while connecting directly to standard wireless networks in consumer devices. The investment follows a record year for Kelvin Capital, which completed 11 portfolio transactions totalling £12.5m during 2019.
From the founder
"In applications like mobile phones, with companies looking to remove headphone and power connectors, it’s increasingly difficult for musicians and other users to interact with these massively powerful and convenient devices, and with the developments in the next generation of Wi-Fi bringing massive data capability over huge physical areas, the future applications for real time audio streaming over Wi-Fi are vast across music, entertainment and communications"
John Crawford
Chief Executive at Ingenious Audio
Investor perspective
"E2C are a fantastic collaboration for Ingenious – they have decades of experience delivering consumer electronics, in gaming and point of sale, with customers worldwide; and have the proven design, test and manufacturing skills to optimise our technology. There’s few places in the world you can access this skillset, and now the team has it 20 minutes away."
John McNicol
Kelvin Capital
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Ingenious Audio
Ingenious Audio develops patented Wi-Fi audio technology for live music and entertainment applications.