# TAP Sound System

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tap-sound-system

- Industry: Software
- Headquarters: France
- Website: www.tempow.com
- Total disclosed funding: $4.1M
- Latest round: Series A (May 6, 2021)
- Investors on record: 3

## About

TAP Sound System SAS focuses on innovative audio technology solutions to enhance wireless audio streaming experiences across various devices, ensuring optimal sound quality and minimal latency for users.Founded in 2016 and headquartered in France, TAP Sound System SAS specializes in optimizing audio transmission through software solutions. The company has undergone strategic pivots to refine its focus on audio technology and has secured a Series A funding round of EUR 0.517 mn in November 2021 from Balderton Capital. The total amount raised by the company stands at EUR 0.517 mn, with a current valuation of EUR 12.518 mn. The firm has completed five deals, with the latest occurring on November 17, 2021. The founder's prior entrepreneurial experience is unspecified.Tempow specializes in innovative audio technology solutions, primarily focusing on enhancing wireless audio streaming experiences. Their flagship product, a leading-edge software solution, optimizes audio transmission across multiple devices, ensuring high-quality sound delivery with minimal latency. This technology caters to various end-use cases, such as improving the audio experience in home entertainment systems and enabling seamless audio sharing among multiple speakers. Tempow's client base includes manufacturers of consumer electronics, such as smart TVs, speakers, and smartphones, allowing them to integrate advanced audio capabilities into their products. The company operates primarily in North America and Europe, where there is a significant demand for high-performance audio solutions in both consumer and commercial markets.Tempow generates revenue through strategic partnerships and direct sales of its software solutions to hardware manufacturers, providing them with the necessary tools to enhance their audio offerings. In the most recent year of 2022, the company's revenue reached EUR 1,607,112.90, with an EBITDA of EUR 75,931.50. The transaction structure typically involves licensing agreements, allowing for a scalable revenue stream as manufacturers incorporate Tempow's solutions into various devices across different sectors. Pricing plans are based on the complexity and integration level of the technology, with tailored packages further strengthening the company's market position.Following the acquisition by Google Inc. in November 2021, TAP Sound System SAS aims to leverage its resources for future growth by designing new products and expanding its market presence. The company's strategy includes enhancing its software solutions to cater to evolving consumer demands. Specific geographic markets targeted for expansion include enhanced partnerships in Europe and North America, with a focus on increasing penetration in the consumer electronics sector. The recent funding will support the development of new audio technologies that aim to meet the needs of emerging smart device markets.

## Funding rounds

- Series A, May 6, 2021, $0.6M — Balderton Capital
- Series A, Jun 29, 2018, $3.5M — Balderton Capital, C4 Ventures
- Seed, Oct 1, 2016 — AngelSquare

## Investors

- AngelSquare (https://capitalatlas.ai/funds/angelsquare) — Seed
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A
- C4 Ventures (https://capitalatlas.ai/funds/c4-ventures) — Series A