Resonado Labs, an audio technology startup, closed its Series-Seed venture capital round at $3million, bringing the total raised-to-date to $5.2 million, including Pre-Seed funding. The company is taking on the conventional loudspeaker, which has been used in virtually all audio products for the past century. The capital will accelerate the commercialization of Resonado Labs’ proprietary Flat Core Speaker (FCS) technology that could make the conventional speaker type go the way of the floppy disk, the company said.
The round was co-led by Crush Ventures, Liquid2 Ventures and Steve Eskenazi. Crush Ventures represents the New York City and Los Angeles-based investment arm of Crush Music, a global talent management firm that manages artists such as Lorde, Sia, Fall Out Boy, Green Day, Weezer, Panic! at the Disco and Alanis Morissette, among others. Patrick Stump (Fall Out Boy) and Rivers Cuomo (Weezer) invested in the round along with Crush.
“This round of funding marks a significant milestone for Resonado Labs as we expand our engineering capabilities in the U.S. to further accelerate the integration of FCS technology in products across multiple verticals,” said Brian Youngil Cho, co-founder and CEO of Resonado Labs.
Notable new investors participating in the round include Tom Croddy, former managing partner at Battery Ventures, Jamie Iannone, president and CEO of eBay and Golden Angels Investors.
