High-end speaker manufacturer Devialet raises $50 million

French startup Devialet has raised a new $50 million (€50 million) funding round from two existing investors — Crédit Mutuel Equity and Bpifrance’s Large Venture fund — and a new mysterious Asian investor. Devialet doesn’t want to share the name of this new investor. All I know is that it’s an industrial company based in China.
This funding round is relevant as startup funding has slowed down in recent months in France — like in other European markets. The funding round is a traditional investment round in exchange for equity in the company — there’s no debt component. Devialet doesn’t share t

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