DeVesto Launches Crowdfunding Campaign to Bring Factory, 'High-Paying Jobs' to US

Citing an overdependence on “foreign manufacturing,” Como Audio CEO Tom DeVesto said Thursday his company is launching a 90-day equity crowdfunding campaign on Start Engine to raise capital for a U.S. factory. “The COVID-19 pandemic has taught all of us valuable lessons in that the U.S. is overly dependent on foreign manufacturing and is in dire need of creating high-paying jobs,” he said. The campaign is intended to bring a factory to the Boston area, where DeVesto’s other audio companies were headquartered. Before launching Como with tabletop music systems in 2016, DeVesto launched brands at Advent, Kloss Video, Cambridge SoundWorks and Tivoli Audio. He's positioning Como to be “more economically resilient and less dependent on global supply chains and making Boston once again the manufacturing center for audio products.” The Start Engine website warns of a 'high degree of risk," including the "possible loss of your entire investment."