Aachen — Aachen-based deep tech startup Elevear secures a seed investment from TechVision Fonds, a leading early-stage venture capital investor in the Rhineland. With the fresh capital, the team plans to bring its innovative and patented audio technologies to market and accelerate the company’s growth.
Elevear develops, integrates and licenses audio technologies for hearables, wireless headphones with intelligent additional functions — one of the largest growth markets currently. The goal is to improve comfort and natural communication to take the listening experience to the next level. Customers are manufacturers of headphones and hearing aids.
“The market for hearables is growing steadily, and manufacturers are looking for compelling unique selling points,” says Dr. Ansgar Schleicher, managing director of TVF. “Elevear’s technologies help manufacturers rapidly integrate innovative features into their products without having to invest in years of development within the company itself.”
Stefan Liebich, CEO of Elevear, underlines the new collaboration: “We are very pleased that TVF shares our vision for the technology and its market potential. We are now in an excellent position to support our ongoing customer projects and their upcoming product launches, as well as expand our team and technology portfolio.”
Innovation in a dynamic market environment
Elevear sells its technologies and software algorithms to international manufacturers of headphones and hearing aids through a licensing model. Manufacturers thus benefit from innovative differentiators with fast time to market and low internal development costs for new products.
The market entry is in the hearables segment, which shows dynamic growth of 36 percent p.a. with a market size of USD 35 billion in 2021. The term “hearable” describes an intelligent headphone that combines basic functions such as music playback and telecommunications with audio-based information services and other innovative features.
In detail: Audio experience without disturbing factors
Currently, Elevear offers three products that can be used initially in hearables and later in hearing aids. The products are integrated as software directly onto the chips that manufacturers build into the headphones.
- Occlear™ technology compensates for the so-called “occlusion effect”: this leads to a muffled perception of one’s own voice and unpleasant background noise when wearing terminating headphones in or on the ears. Occlear™ solves this problem and increases comfort and acceptance when wearing hearables.
- In quiet environments, there is often a strongly perceptible background noise from the Hearable itself. Idle Noise Reduction reduces the noise floor of miniature microphones to the level of expensive studio microphones, dramatically improving audio quality while reducing hardware costs.
- Steadyhead technology compensates for head rotation for all audio regardless of the audio source. This transforms the 3D audio experience in headphones and ensures that the user’s head movements are instantly compensated for in the audio scene. The user has the feeling of immersion in the scene.
From research to product
Behind the DeepTech spin-off of RWTH Aachen University, founded in 2021, is a management team of experienced developers and industry experts: founders are Dr.-Ing. Stefan Liebich, Johannes Fabry and Raphael Brandis. They have been working together for many years at the Institute for Communication Systems (IKS) at RWTH Aachen University and specialize in the field of audio signal processing. The founding team is complemented by industry expert Elfed Howells, who has more than 30 years of experience in the audio and consumer electronics industry. Together, the team has already won numerous awards.
About TVF
The TechVision Fund (TVF) is the leading early-stage VC fund in the Rhineland. TVF is the third venture fund managed by the S‑UBG Group team and invests regionally in technology startups with a fund volume of €55 million. As one of the most experienced investors, TVF supports founding teams with proximity, network and expertise, paving the way for them to become the next international industry leader. In addition, TVF offers unique access to the “old economy” through the S‑UBG Group, providing young startups with access to their first potential customers in the crucial early stages. The network includes over 150 successful portfolio companies from 30 years of investment experience.
TVF — Brain | Cash | Proximity
About Elevear
Elevear is an Aachen-based startup that develops innovative audio technologies for hearables and sells them to manufacturers via a licensing model. Occlear™ compensates for the occlusion effect that makes one’s voice sound muffled and boomy — a common problem with closed-back headphones and hearing aids. Combined with Elevear’s Idle Noise Reduction, which eliminates the annoying inherent noise of hearable microphones, Occlear™ ensures that users perceive their own voice and their surroundings naturally — just as if they were not wearing headphones. As software-only solutions, both technologies are compatible with common hearables and do not require specialized hardware. With Steadyhead, Elevear has also been offering a solution for spatial audio with low-latency head tracking since this year.
https://elevear-tech.com