US-based audio product manufacturer Riva has secured more than $10m in a round led by design and manufacturing services provider Wistron Corporation.
The round also featured audio product manufacturer Kyet Group, which invested through its Eastern Asia Technology subsidiary. Riva has now raised $17m in funding altogether.
Founded in 2014, Riva acts as the lifestyle brand of audio technology producer Audio Design Experts (ADX), producing high-quality wireless and Bluetooth speakers and accessories.
Tony Hung, chief executive of ADX, said: “The support of key strategic partners like Wistron and Kyet allows us to maintain the quality of our manufacturing and increase our ability to scale up for growth.
“This will also help us exercise our proven philosophy about how to develop innovative audio products for consumers with new models and in new markets. Everyone involved is excited for the future of Riva.”