Devialet Funding, Investors & Competitors

Devialet has raised $207M across 4 funding rounds, most recently a $32M undisclosed-stage round in November 2024.

Last Devialet funding round

$32M

Undisclosed stage · Nov 2024

Cumulative funding Devialet raised

$207M

across 4 funding rounds

Key investors in Devialet

  • Bpifrance
  • Korelya Capital
  • Playground Global
  • Xavier Niel
  • NAVER
  • Foxconn
  • Crédit Mutuel Equity
  • Arrive

Devialet Overview

About Devialet

Devialet is a Paris-headquartered audio technology company known for its high-fidelity Phantom wireless speakers and Gemini true wireless earbuds. Founded in 2007, it pioneers Active Matching Distortion Cancellation technology for distortion-free sound amplification up to 120 decibels. The firm distributes products globally through retailers like Apple Stores and its own showrooms in cities including London and New York. Devialet also offers SAM processing for optimized speaker performance.


Founded

2007

HQ

FranceParis

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Devialet Funding History

Devialet has raised a total of $207M across 4 funding rounds.

Devialet's first fundraising round was a $20M Series B in June 2015. The most recent completed round was a $32M undisclosed-stage round in November 2024.

Devialet funding rounds

Devialet funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2024Undisclosed stageKorelya Capital (lead)$32M-
Sep 2022Undisclosed stageBpifrance; Crédit Mutuel Equity$49MDevialet is a French acoustic engineering company specializing in high-end speakers, soundbars, headphones, earbuds, and amplifiers, known for innovative technologies like those in the Phantom series. The company has expanded from flagship Phantom speakers to more accessible models like the Phantom II (formerly Reactor) and wireless earbuds. The company raised €50 million (approximately $50 million) in September 2022 from existing investors Bpifrance’s Large Venture Fund and Crédit Mutuel Equity, plus a new unnamed Chinese industrial investor, bringing total funding to over €200 million across multiple rounds. Funds were allocated to accelerate international expansion, particularly in Asia where three of its top five markets are located, including opening stores in China, South Korea, Japan, Hong Kong, and Indonesia, and to develop its licensing strategy in China while aiming for profitability within two years. Devialet reported double-digit growth at the time of the round, positioning itself as a niche premium audio brand with ambitious goals in home cinema via products like the Devialet Dione soundbar. Post-2022 developments include a November 2024 €30 million venture round led by Korelya Capital for product innovation and market expansion, with total raised reaching around $278 million across rounds. Partnerships like with Hisense for home entertainment highlight ongoing B2B licensing efforts. Devialet operates direct-to-consumer and through retail/distributors in North America, Europe, and Asia, targeting audiophiles and luxury consumers.
Nov 2016Series CGinko Ventures (lead); Korelya Capital; Sharp; Foxconn; Renault; Future French Champions; Playground Global; Bpifrance; Arrive; NAVER; CM CIC Investissement$106MDevialet SAS, a French high-end audio company known for speakers like the Expert and Phantom, raised €100 million ($106 million) in its Series C venture capital round on November 28, 2016. The round was led by Ginko Ventures with participation from Foxconn, Korelya Capital, Renault Group, Sharp Corporation, Playground Global, Naver, Roc Nation, Future French Champions, CM-CIC Investissement, and Bpifrance, matching the specified investors. This funding brought Devialet's total raised to approximately $155 million at the time. New board members included Fleur Pellerin from Korelya Capital, with observers from CM-CIC Investissement and Future French Champions. The proceeds were earmarked for international expansion, particularly in the US and Asia, including new flagship stores in addition to existing ones in Paris, London, and New York, as well as investments in R&D and partnerships in IoT and automotive sectors. Devialet emphasized its technological innovation, holding 107 patents for audio codecs and related technologies, with ongoing filings. The company positioned itself at the forefront of a sound technology revolution, producing speakers made in France.
Jun 2015Series BJaina Capital; Xavier Niel; Jacques-Antoine Granjon; Groupe Arnault$20MDevialet, a French acoustic engineering company founded in 2007, specializes in high-fidelity audio products like the Phantom speaker, leveraging patented ADH technology that combines digital and analog amplification for superior sound quality. The company targets the premium audio market, positioning its compact yet powerful speakers as superior to larger competitors, with significant R&D investment including a $30M budget for the original Phantom. On June 18, 2015, Devialet closed a $20 million Series B funding round from prominent French investors: Bernard Arnault (Groupe Arnault/LVMH CEO), Xavier Niel, Jacques-Antoine Granjon, and Marc Simoncini. This followed a $19.1 million Series A in 2012. The funds supported U.S. market expansion and development of new products like the Phantom Implosive Sound Center, set for summer 2015 shipping, aiming to replace traditional audio setups. The Phantom speaker gained attention at CES 2015 for its loudness and quality in a compact form, distinguishing Devialet from standard Bluetooth speakers by focusing on high-end audiophile experiences.

Who has invested in Devialet?

16 investors have backed Devialet across its funding rounds, including Bpifrance, Korelya Capital, Playground Global, Xavier Niel, NAVER and Foxconn.

Lead investors include Korelya Capital and Ginko Ventures.


Devialet Investors

Investors in Devialet by funding rounds participated
InvestorHQRoundsRoleFirst check
Korelya CapitalFranceParis2LeadNov 2016
BpifranceFranceParis2ParticipantNov 2016
SharpJapanSakai1ParticipantNov 2016
FoxconnTaiwanTaipei1ParticipantNov 2016
RenaultFranceFrance1ParticipantNov 2016
Jaina CapitalFranceParis1ParticipantJun 2015
Future French ChampionsFranceParis1ParticipantNov 2016
Xavier NielFranceParis1ParticipantJun 2015
Playground GlobalUnited StatesSan Francisco, CA1ParticipantNov 2016
Jacques-Antoine GranjonFranceParis1ParticipantJun 2015
ArriveUnited StatesNew York City, NY1ParticipantNov 2016
Groupe ArnaultFranceParis1ParticipantJun 2015
NAVERSouth KoreaSeongnam1ParticipantNov 2016

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Devialet Competitors

Devialet competitors include listed companies like Apple, Samsung, Garmin and Huaqin Technology, and private ones like DJI and Royole Corporation.

Public and private companies comparable to Devialet
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AppleUnited StatesUnited StatesPublicly listed$416B$144B$4.9T10.4x
SamsungSouth KoreaSouth KoreaPublicly listed$243B$67B$1.2T2.4x
GarminUnited StatesUnited StatesPublicly listed$7.2B$2.1B$53B6.4x
Huaqin TechnologyChinaChinaPublicly listed$26B$887M$17B0.6x
DJIChinaShenzhenPrivate$1B-$8B8.0x
Royole CorporationChinaShenzhenPrivate--$3B-

Devialet Public Comps

Devialet is still privately-owned, but its public comps include Apple, Samsung, Dell, Sony, Xiaomi, Panasonic, Nintendo, Lenovo, Garmin and Quanta Computer.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Apple$416B$144B11.9x10.4x34.2x29.4x
Samsung$243B$67B4.4x2.4x15.8x4.4x
Dell$114B$12B3.5x2.4x34.3x20.1x
Sony$80B$17B1.8x1.7x8.5x8.9x
Xiaomi$68B$8.4B1.1x1.1x8.7x13.8x
Panasonic$52B$1.5B1.3x1.4x45.5x13.0x
Nintendo$15B$3.5B3.3x3.3x14.0x18.1x
Lenovo$83B$4.7B0.7x0.6x12.0x10.7x

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Common questions about Devialet

When was Devialet founded?Devialet was founded in 2007.
Where is Devialet headquartered?Devialet is headquartered in Paris, France.
Is Devialet publicly listed?No, Devialet is a private, VC-backed company.
How much funding has Devialet raised?Devialet has raised $207M across 4 funding rounds.
What was Devialet's last funding round?Devialet's last funding round was a $32M undisclosed-stage round in November 2024, led by Korelya Capital.
Who are Devialet's investors?Devialet's investors include Korelya Capital, Bpifrance, Sharp, Foxconn, Renault, Jaina Capital, Future French Champions, Xavier Niel, Playground Global, Jacques-Antoine Granjon and 6 others.
Which companies are comparable to Devialet?Companies comparable to Devialet include Apple, Samsung, Garmin, Huaqin Technology, DJI and Royole Corporation.

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