Earin, the Swedish headphone maker, lands SEK 30M in fresh equity investment.

Earin, a Swedish headphone manufacturer, raised SEK 30M ($3.37M) in outside investment money. The backers include LMK, Midroc Invest and Granitor Invest.

Earin, based in Malmö and founded in 2013, claims to provide world's smallest wireless earbuds. In 2015 the company launched its first product, Earin M-1, which has a retail price of 199 EUR ($213).

The investment deal was made at a SEK 130M ($14.6M) valuation, which is less than the expected revenues for 2017.