Advanced audio technology is music to the Scandinavian fund's ears.
Sweden-based SEB Venture Capital, the venture capital division of the eponymous bank, has invested SEK15m ($2.3m) in Actiwave, a local start-up making loudspeaker technology, by way of a rights issue.
SEB Ventures led the rights issue and in doing so, acquired the stake previously held by seed financier Innovationsbron, bringing its overall holding to 39%.
Actiwave was founded in 2007, as a research spin off from Linkӧping University.
This round of financing will be used to launch Actiwave’s…
