Nordic Secondary Fund has acquired a stake in the Latvian audio technology leader Sonarworks, known for its innovative personalized sound solutions.
Target Information
Sonarworks is an acclaimed audio technology company based in Latvia, renowned for creating personalized sound experiences for music creators and enthusiasts alike. The company leverages its patented technologies, which are implemented in over 70,000 studios around the world. Notable Grammy Award-winning engineers utilize these innovations while working with prominent artists such as Lady Gaga, Madonna, Rihanna, Adele, and Coldplay.
Following an extensive study on consumer sound preferences, Sonarworks has embarked on a mission to revolutionize the audio experience for all music listeners globally. Its flagship product, SoundID, exemplifies the integration of data-driven machine learning technology into consumer electronics and music platforms, thereby setting a new standard in audio personalization.
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Industry Overview
The audio technology industry is experiencing significant growth, particularly in Latvia, where innovation in music and sound technology is on the rise. With the increasing accessibility of high-quality music production tools a
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Nordic Secondary Fund
invested in
Sonarworks
in 2023
in a Growth Equity & Expansion Capital deal