Jolt Capital leads €25m Phononic Vibes transaction to expand acoustic metamaterials
The Italian noise-control company will expand internationally and strengthen manufacturing. The transaction also buys out early investor 360 Capital.
Phononic Vibes announced a €25 million financing transaction on 22 October, led by Jolt Capital through Jolt Capital V. Eureka! Venture SGR, CDP Venture Capital and SIMEST also participated. The transaction includes the purchase of 360 Capital’s stake; the split between new company capital and the share purchase was not disclosed.
The company designs and manufactures metamaterial products that reduce noise and vibration. Its technology is used in Deutsche Bahn rail barriers and Mercedes-Benz production vehicles.
Phononic Vibes plans to expand its design technology into additional markets, strengthen delivery and manufacturing, and pursue acquisitions that add industrial capabilities.
Use of funds
Expand international markets and applications
Strengthen manufacturing and delivery
Targeted acquisitions