Midwich Ignite, the corporate venture capital arm of Midwich Group, has invested in Idun audio, aiming to target growth in the spatial audio technology market.
Idun audio is based in Copenhagen, and specialises in three-dimensional sound in headphones, improving speech intelligibility, reducing listener fatigue, and optimising performance across listening situations.
Will Fenby, investment manager, Midwich Ignite, commented: “We are delighted to be investing in Idun audio, whose patented technology represents the next major revolution in audio. With Idun’s decades of research-led spatial audio development, and Midwich’s global leadership position in professional audio, we believe this partnership is perfectly positioned to drive innovation and adoption of this unique technology. We look forward to working with the Idun audio team on the next stage of their growth.”
Pictured: (L-R) Ivan Sandager, COO, and Pauli Minnaar, Founder and CEO, Idun audio