The investment fund ‘Future French Champions’, operated by a partnership between Qatar Investment Authority and CDC International, just announced, November 30th, a large stake participation amounting to 20M€ in the 100M€ fundraising organized by the French start up Devialet.
The French leader in high quality wireless speakers operates one of the four largest fundraisings in the French Tech in 2016. This start up is by far the most award winning company for its innovations in sound technologies.
Devialet, through this fundraising, aims at implementing its technology in the automobile and connected objects sectors. It should as well expand its sales network across Asia and the United States of America.
This stake participation is the fifth investment made by the investment fund ‘Future French Champions’ since 2014, year of its creation.