Aachen-based deeptech startup Elevear secures seed financing for audio technology market entry

Aachen-based deeptech startup Elevear has secured a seed investment from the TechVision Fund, the early-stage VC investor in the Rhineland. With the fresh capital, the team plans to bring its innovative and patented audio technologies to market and accelerate the company's growth.

Elevear develops, integrates and licenses audio technologies for hearables, wireless headphones with intelligent additional functions, which is one of the biggest growth markets in current times. Elevear’s products aim to improve listening comfort, wearability, and natural communication to bring the user experience to the next level. Customers are manufacturers of headphones and hearing aids. 

Ansgar Schleicher, Managing Director, TVF: ''The market for hearables is growing steadily with a strong demand for distinguishing features. “Elevear's technologies help manufacturers to quickly integrate innovative features into their products without having to invest years of development effort within the company themselves.''

Stefan Liebich, CEO, Elevear: ''We are very pleased that TVF shares our vision for the technology and its market potential. We are now in a great position to support our ongoing customer projects and their forthcoming product launches and to grow our team and technology portfolio.''

Elevear sells its technologies and software algorithms to international manufacturers of headphones and hearing aids via a licensing model. Manufacturers thus benefit from innovative differentiating features with fast time-to-market and reduced in-house development costs for new products.

The market entry is in the field of hearables, which shows dynamic growth of 36 percent p.a. in 2021 with a market size of USD 35 billion. The term “hearable” describes an intelligent headphone that combines basic functions such as music playback and telecommunications with audio-based information services and other innovative features.

Founded in 2021, the DeepTech spin-off of RWTH Aachen University is backed by a management team of experienced developers and industry experts: The founders are Dr.-Ing. Stefan Liebich, Johannes Fabry and Raphael Brandis. They have been working together for many years at the Institute of Communication Systems (IKS) at RWTH Aachen University and specialize in the field of audio signal processing. The founding team is complemented by industry expert Elfed Howells, who has more than 30 years of experience in the audio and consumer electronics industry. Together, the team has already won numerous awards.

www.elevear-tech.com