Sky invests in consumer electronics company Caavo

Sky invests in consumer electronics company Caavo

Sky has invested $2 million in Caavo, a US-based consumer electronics start-up, in the latest of 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.

 
Notes to editors

1)            References to Caavo are to Caavo Inc.
2)            Gross assets subject to this transaction were $2m
3)            Profits attributable to the assets subject to this transaction were $nil

 
For further information

 
Sky
Euan Fordyce
euan.fordyce@sky.uk

Caavo
hello@caavo.com

 
About Sky
Sky is Europe's leading entertainment company, serving 22 million customers across five countries: UK, Ireland, Germany, Austria and Italy. We offer the best and broadest range of content, deliver market-leading customer service and use innovative new technology to give customers a better TV experience, whenever and wherever they choose. Sky has annual revenues of £12 billion and is Europe's leading investor in television content with a combined programming budget of £5.2 billion. The group employs 30,000 people and is listed on the London Stock Exchange (SKY).

For more information visit www.sky.com/corporate