Como Audio

High-End "Smart" Speakers For The Home

Company Information

Website:

https://www.comoaudio.com/

Sector:

Audio

Location:

Boston, MA

Como Audio makes “smart” speakers that sound great.

In the smart speaker market — projected to reach $15 billion by 2025 — this is a huge achievement.

That’s because 90% of smart speaker owners use their device to listen to music. Yet speakers like the Google Home, Amazon Echo, and Apple HomePod don’t focus on sound quality.

Since launching in 2016, Como Audio has surpassed $5 million in sales.

Notably, this company is led by Tom DeVesto, a legend in the consumer electronics industry. He’s been named Consumer Electronics’ “Executive of the Year,” and his last two audio companies were acquired in major M&A transactions.

Team Background

Bob Brown - Director

Like Thomas, Bob has worked in the audio industry for several decades.

He was President and CEO of Lincolnwood Ltd., a distribution and marketing company for brands including NAD Electronics, Atlantic Technology, and PSB Speakers.

He was President and Chief Operating Officer for Tivoli Audio, and served as Director and COO for Thiel Audio Products.

Prior to joining Como Audio, he ran his own business for 10 years, specializing in financial management and product sourcing.

Bob earned a Bachelor’s in Management and an MBA from the University of Massachusetts Boston.

Thomas DeVesto - Founder & CEO

Thomas is a consumer electronics expert, having spent the past 40 years in the industry.

In 1988, he founded Cambridge SoundWorks, an audio manufacturer and retailer that was acquired in 2000.

In addition, he founded Tivoli Audio, another consumer audio equipment company. Thomas grew the business to $40 million in annual sales, and was instrumental in its acquisition in 2015.

He began his career in the audio industry as VP of Sales and Marketing for Kloss Video Corporation.

Peter Skiera - VP of Product Development

Peter previously worked with Thomas at Tivoli Audio, serving as Senior Product Manager for 15 years.

Prior to that, he was a parts and service coordinator for B&W/Rotel, an audio electronics manufacturer. In addition, he was an assistant store manager at Cambridge SoundWorks.

Peter began his career as a radio DJ, working for a handful of stations in the New England region.

He earned a Bachelor’s degree in Mass Communication from Emerson College.

Duncan Pool - International Marketing Director

Duncan has 14 years of experience in the audio industry.

He previously served as the International Marketing Director for Tivoli Audio.

Raising
$478K
Committed
$172K (36%)
Current Valuation
$10.90 million
Min. Investment
$250
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
  • $750K
    2018-09-01
    Unknown
    (Convertible Note)
  • $20K
    2015-01-01
    Unknown
    (Priced Round)
  • $20K
    2016-04-01
    Unknown
    (Priced Round)
  • $4.19 million
    2018-09-01
    Unknown
    (Loan)
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