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