MysteryVibe Closes $1.5M Funding Round

MysteryVibe Closes $1.5M Funding Round

LONDON — MysteryVibe revealed today that it has closed its latest round of funding with $1.5 million in new investments, bringing the total outside capital raised by the company to $4 million.

U.K.-based, female-founded MysteryVibe manufactures the luxury vibrator Crescendo, billed as the world’s first body-adapting smart vibrator.

Founded by Stephanie Alys and Soumyadip Rakshit, MysteryVibe got its start in 2015 with an initial crowdfunding campaign, with larger investors taking notice.

“We’re finding investors to be increasingly bullish about sex tech. They are now far more willing to back us than even a couple of years ago,” Rakshit said. “In a few years, this is going to be a $50 billion market, and there’s been relatively little outside investment. There’s huge potential, we’re excited to see what’s next.”

Alys and Rakshit attributed the success of MysteryVibe’s latest round to the success of the Crescendo, as well as a promising new lineup of products to be announced later this year. They said the company’s current valuation is $13 million.

A new device, targeted at men, will launch later this month.

MysteryVibe has been featured in GQ, Wired, Forbes, the BBC, Vice and numerous other media outlets, with the Crescendo itself receiving “Best Of” kudos from an array of mainstream publications, including Glamour, Allure, Marie Claire and Good Housekeeping.

Check out the company’s website here

Related:  

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

BasisDx Adds Comfort Collect Device to 'Pro13' Home Testing Kit

PASS-certified home testing kit manufacturer BasisDx has added the new Comfort Collecting Device to its Pro13 kit.

XBIZ Honors Retail Edition to Light Up Hollywood Roosevelt Hotel

XBIZ is pleased to announce that the pleasure industry’s biggest night, the retail edition of the annual XBIZ Honors, set for Saturday, Jan. 18, will be held at the historic Hollywood Roosevelt Hotel.

Pipedream Expands 'Anal Fantasy Elite' Collection

Pipedream Products has expanded its Anal Fantasy Elite collection with two new stimulators.

Orion Expands 'Couples Choice' Line With New '2 in 1' Vibe

Orion Wholesale has added the 2 in 1 Vibrator + Butt Plug to its Couples Choice collection of pleasure products.

Lovense Unveils 'Mission 2' Long Distance Vibe

Lovense has introduced the new Mission 2 vibrating suction cup dildo to its long-distance collection.

Male Power Debuts 'Pack & Play' Collection

Male Power has introduced its new Pack & Play collection of men's underwear.

Orion Debuts New Styles From Cottelli Lingerie

Orion Wholesale is now shipping new styles from its Cottelli Curves plus-size lingerie line.

Sportsheets Unveils Rebranded 'Edge' Line, 9 New Products

Sportsheets has debuted its reimagined Edge line featuring nine new products.

Our Erotic Journey's James Guo Profiled on Wired.com

James Guo, founder of pleasure brand Our Erotic Journey (OEJ), is profiled in a new feature on Wired.com titled "The Toymaker Who Wants to Be the Next Willy Wonka of Sex Tech."

Williams Trading Unveils 'Christmas Giftables' Catalog

Williams Trading Co. has released this year's edition of its "Christmas Giftables" digital catalog.

Show More