Mich. – Livio Radio, a developer
of Internet radio devices and smartphone applications, said on Monday that it
has received an investment from venture capital firm Beringea.
The amount of
the investment was not disclosed.
Founded in 2008 by Jake Sigal — who claims
to have invented the original USB turntable — Livio’s products include a home
receiver that captures Web radio streams, in addition to an iPhone application
and the Livio Car Internet Radio.