As part of Scottish Enterprise’s strategy to support ambitious Scottish companies in scaling more quickly, Glasgow-based loudspeaker brand Fyne Audio has secured significant funding from Scottish Investment Bank to drive business growth.
This financing will allow Fyne Audio to grow its research and development facility, diversify product lines and increase production to meet rising international demand for its products.
Fyne Audio managing director Andrzej Sosna commented: “We are delighted that Scottish Investment Bank is supporting this exciting next phase for Fyne Audio. Our strong team, class-leading product portfolio and burgeoning overseas order book are more than delivering on our business plan and this funding will enable significant business acceleration.
“We are proud to build on Scotland’s rich heritage in audio engineering and plan to become a truly world-class audio design and manufacturing company, continuing the region’s Hi-Fi legacy long into the future.”
Scottish Investment Bank head Kerry Sharp added: “Fyne Audio epitomises the spirit of Scottish business with ambitious plans supported by extensive industry expertise. With several overseas investors already backing this emerging audio brand, Fyne’s international business strategy has solid roots and an already impressive track record of export sales. We look forward to supporting the continuing development and growth of this exciting new Scottish company.”