Devialet raises EUR 25m from existing shareholders http://en.devialet.com/home/#hot-news
Devialet, the French wireless high end audio system manufacturer, has raised EUR 25m from existing shareholders, founders, and employees, French daily Le Figaro reported.
Shareholders Marc Simoncini, Xavier Niel, Jacques-Antoine Granjon, and Bernard Arnault invested EUR 20m and the remainder came from the founders and employees of the group. The report cited co-founder Quentin Sannié as confirming the news.
Devialet reported sales of EUR 10m in 2014 and expects revenues of EUR 50m in 2015.
Le Figaro