Paris based Time for Growth has agreed to invest €10 million in the fashionable electronics company Zound Industries. Stockholm based Zound Industries saw their most successful year so far in 2014 and the partnership will lay the ground for further expansion.
The partnership, announced on July 3rd, means that Time for Growth becomes a significant owner in Zound Industries with approximately 10% ownership. The capital of €10 million will be used to finance the launch of Zound Industries first smartphone which will take place in London on July 16th.
