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Based in London, England, Audoo is a music technology company that develops hardware and software solutions, including a smart plug-in device called the Audio Meter, to track public music consumption in commercial retail venues. The company operates as a business-to-business data provider, partnering with Performance Rights Organizations to identify real-time music playback and ensure accurate royalty distributions for recording artists and rights holders. Audoo has raised over $21 million in total venture funding, which includes a $5 million investment round in December 2023 backed by prominent music industry figures such as Sir Elton John, Sir Paul McCartney, and Björn Ulvaeus. The enterprise recently expanded its international footprint by deploying its tracking devices across Australia and New Zealand through a strategic partnership with the music rights organization APRA AMCOS. Audoo was founded in 2018 by Ryan Edwards.
Audoo has raised $25.4M across 5 funding rounds.
Audoo has raised $25.4M in total across 5 funding rounds.
Audoo has raised $25.4M in total across 5 funding rounds.
Audoo's investors include Björn Ulvaeus, David Furnish, Elton John, Edinv, MPL Ventures, Tileyard London, Paul McCartney, Nick Keynes.
Audoo has raised $25.4M across 5 funding rounds. Most recently, it raised $5.0M Other Equity in October 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 10, 2023 | $5M Venture Round | — | Björn Ulvaeus, David Furnish, Elton John, Edinv, MPL Ventures, Tileyard London | Announced |
| Dec 13, 2021 | $9.5M Series A Plus | Edinv | Paul McCartney, Tileyard London | Announced |
| Nov 23, 2020 | $6.9M Series A | — | Björn Ulvaeus, Tileyard London | Announced |
| Mar 6, 2020 | $1.9M Venture Round | Nick Keynes | — | Announced |
| Apr 1, 2019 | $2M Seed | — | — | Announced |
Audoo does not appear in available sources as a distinct technology company; the query likely refers to one of several "Audio Technology" entities in the audio sector. Audio Technology (Egypt), founded in 1993, is a system integrator specializing in light current services, integrated CCTV, communication systems, consumer audio electronics, and home automation, serving industries across Egypt's mega projects with a team of over 460 staff.[1] It emphasizes innovation, commitment, and excellence to deliver tailored, cutting-edge solutions.[1] Other matches include Audio Technology ApS (Denmark), a family-owned manufacturer of high-end loudspeaker drivers like C-Quenze and Flexunits, hand-built for professional audio applications,[4] and AUDIO TECHNOLOGY LTD (UK), a private company incorporated in 2017 focused on wholesale and retail of audio/video equipment.[3]
These firms target B2B and consumer markets in audio hardware, integration, and retail, solving needs for reliable sound systems, security integration, and premium components amid growing demand for immersive audio experiences.[1][3][4]
Audio Technology (Egypt) was founded in Cairo in 1993 by entrepreneurs aiming to empower businesses through advanced engineering and after-sales services for mega projects.[1] It evolved from a focus on light current systems to a market leader in CCTV, communications, and home automation, leveraging CAD simulations and a large team of engineers.[1]
Audio Technology ApS (Denmark) is a family-owned business established by Ejvind Skaaning and Per Skaaning, with production in Stilling, Denmark, specializing in bespoke loudspeaker drivers from inception.[4] AUDIO TECHNOLOGY LTD (UK) was incorporated on November 6, 2017, as CADENCE AUDIO UK LTD, rebranding to its current name in March 2023; it operates as a holding company with SIC codes for audio wholesale, retail, and related activities from its Harrow base.[3] No specific founder details or early traction emerge for the UK entity beyond standard filings.[3]
These Audio Technology firms ride the wave of expanding audio tech demand, from home automation and immersive sound in consumer electronics to professional AV integration in security and entertainment.[1][4] Timing aligns with post-2020 surges in smart homes, hybrid work, and high-res audio, fueled by market forces like IoT growth and Egypt's infrastructure boom.[1] They contribute to the ecosystem by enabling scalable audio solutions—e.g., Egypt's role in national projects influences regional adoption of integrated systems, while Denmark's drivers support global hi-fi innovation.[1][4] The UK entity taps into Europe's audio retail recovery amid streaming shifts.[3]
Audoo/Audio Technology entities are poised for growth in a sector seeing 2023 funding for similar audio startups (e.g., Audfly's $14.7M Series B, Auditory Works' $13.9M Series C), driven by AI-enhanced audio, wearables, and spatial sound trends.[2] Egypt's firm may expand regionally via mega projects; Denmark's could gain from pro-audio demand; UK's retail/wholesale might evolve with e-commerce. Their niche hardware focus positions them to influence reliable, non-software-dependent audio infrastructure as digital trends demand quality analogs—echoing the query's tech company roots in foundational audio innovation.[1][2][3][4]
