Raue LLP has advised Lofelt, a Berlin based technology start-up that produces high-definition haptic solutions in consumer electronics and is the creator of the Basslet (the watch-size subwoofer) on its 5.4 million USD Series A financing round. The new funding includes investment from existing investor Horizons Ventures and was led by new investor Wolfman.One. Q Venture Partners and coparion complete the round.
Lofelt will use the additional financing to invest in expanding its engineering team to accelerate the development of new user experiences and technologies. The new haptic technology developed shall aim to further Lofelt’s mission to create a natural connection between people and their digital devices.
(14 November 2017)