Sky invests $2m in consumer electronics start-up Caavo

Sky has invested $2m in US-based consumer electronics start-up Caavo.

The broadcaster said this was the latest in a series of investments in innovative, early-stage companies.

Caavo was founded in 2015 by Andrew Einaudi, Ashish Aggarwal, Vinod Gopinath and Blake Krikorian with a vision to “dramatically improve the in-home entertainment experience for consumers”, by offering easy-to-use and beautifully designed products.

Last month, Sky announced investments in next generation video platform Molotov, The Drone Racing League and Ginx TV, the owner of the UK & Ireland’s only 24-hour eSports TV channel.

At 0930 BST, Sky shares were down 0.1% to 888.50p.