L-Acoustics and Mixhalo Enter Strategic Partnership
L-Acoustics has become a major investor in Mixhalo, as well as the exclusive audio professional partner of the San Francisco-based company.
The partnership will foster cooperation and co-development between L-Acoustics and Mixhalo to create hybrid solutions that combine sound reinforcement from loudspeakers and wireless audio signal sent via Wi-Fi or 5G to mobile devices and headphones, as well as customized immersive experiences via wireless transmission of spatial audio content. L-Acoustics will provide guidance to support Mixhalo’s organic growth and participate in Mixhalo’s strategic discussions via the appointment of a Board of Directors’ seat.
“Mixhalo has both the team and technology needed to make mobile wireless streaming a premium live event experience. With this strategic investment, L-Acoustics affirms our focus on industry-leading innovation to shape the future of sound,” said Laurent Vaissié, CEO, L-Acoustics. “Together with the team at Mixhalo, we look forward to leading the development of hybrid solutions that will complement L-Acoustics high-performance loudspeaker, software, and electronics offering and to elevating the fan experience from sports venues and corporate events to immersive concert experiences and beyond.”
“I’m convinced that hybrid solutions for live events will bring unique immersive experiences to audiences everywhere,” added Guillaume Le Nost, executive director of creative technologies at L-Acoustics. “Whether to improve coverage in hard-to-reach seating areas, offer additional content like sports commentary at a game or create a unique and personal experience onstage like Mixhalo did for Aerosmith fans, the potential is bound only by the shared imagination of our development teams.”
“L-Acoustics is widely known across the industry for driving innovation of premium audio products, and their extensive global relationships will open many doors for us,” concluded John Vars, CEO of Mixhalo. “We always look to work with innovators who share our vision for elevating the live entertainment experience, and L-Acoustics is the perfect fit.”
Mixhalo’s $24 million Series B funding round is led by funds managed by affiliates of Fortress Investment Group. Mixhalo’s Series A investors also contributed to the round, including Foundry Group, Sapphire Sport, Founders Fund, Defy Partners, and Another Planet Entertainment.