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June 18, 2015 01:56 pm GMT

Phantom Speaker Maker Devialet Turns Up The Volume With New $20 Million Funding Round

Screen Shot 2015-06-17 at 4.20.03 PMDevialet, known for its Phantom speakerwhich supposedly sounds better thanspeakers 20 times bigger, just announced that it has closed a $20 million Series B round. LVMH CEO Bernard Arnault, Xaviel Niel, Jacques-Antoine Granjon, and Marc Simoncini are behind today’s funding round. This funding follows a Series A in 2012 where the company raised $19.1 million to fund the development of…

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