Headphone brand turns up the volume with six-figure investment
A business specialising in personal headphones has secured a six-figure investment to accelerate its ongoing growth.
Meters Music has secured £500k backing from investment firm Balder Capital in order to boost its international profile and develop its audio technology.
Based in Essex, Meters Music specialises in personal headphones and wireless home audio.
The family-run firm’s parent company, Ashdown Engineering, is a manufacturer of guitar and bass amplifiers, and has supplied musicians and artists such as Sir Paul McCartney, U2, Foo Fighters, Biffy Clyro and System of a Down.
The investment will be used to support the Meters Music’s development of new products, as well as expand the business and build the brand.
Mark Gooday, founder and managing director of Meters Music, commented: “We are absolutely thrilled to have secured this investment.
“It is a testament to the great work behind the brand and will support our ambitious expansion plans for the year ahead.
“There is a great opportunity for Meters Music to become a global player within the headphone market, and we are only too excited to see us grow and succeed.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
From economic engine to community ecosystem
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people