Total amount raised
$508.9 Million
Latest funding date
03/01/2021
Location
Epidemic Sound has successfully raised funding over five rounds, with notable investors including Blackstone Group and EQT. The latest funding was secured through a Private Equity round, reflecting strong investor confidence in the company's growth potential.
Keep reading to explore the intricacies of Epidemic Sound's fundraising journey and the investors backing this innovative platform.
What Is Epidemic Sound?
Epidemic Sound, based in Stockholm, Sweden, is a prominent player in the music and digital entertainment industry. The company specializes in producing music for online creators and offers a comprehensive library of royalty-free music and sound effects for video content.
Founded by a team of innovative minds, Epidemic Sound has grown significantly, now employing between 501-1000 people. The company operates across various sectors, including digital media, music streaming, and video, providing tools and plugins to enhance the user experience.
How Much Funding Has Epidemic Sound Raised?
- Private Equity Round
- Amount Raised: USD 450,000,000
- Date: March 2021
- Lead Investors: Blackstone Group, EQT
- Valuation at Round: USD 1.4 billion
- Motivation Behind the Round: To expand international reach, localize digital offerings, and invest in the core user experience.
- Series Unknown
- Amount Raised: USD 20,000,000
- Date: July 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 370,000,000
- Motivation Behind the Round: Likely to support initial growth and expansion efforts.
- Private Equity Round
- Amount Raised: SEK 277,000,000
- Date: November 2017
- Lead Investors: EQT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion in the digital entertainment and music streaming sectors.
- Series Unknown
- Amount Raised: USD 1,000,000
- Date: April 2017
- Lead Investors: Kichi Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's early-stage development and market entry.
- Series A
- Amount Raised: USD 5,000,000
- Date: May 2014
- Lead Investors: Creandum
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel the company's initial growth and product development.
Total Amount Raised: USD 476,000,000
Current Valuation: USD 1.4 billion
Key Investors
- Blackstone Group
- Details: Blackstone Group is one of the world's leading investment firms, managing $619 billion in assets. It focuses on private equity, real estate, public debt and equity, life sciences, and growth equity.
- Investment Focus Areas: Private equity, real estate, growth equity.
- Notable Investments: Hilton Worldwide, Merlin Entertainments, Refinitiv.
- EQT
- Details: EQT is a global investment organization with over EUR 84 billion in raised capital. It focuses on sustainable growth, operational excellence, and market leadership.
- Investment Focus Areas: Technology, healthcare, industrial technology.
- Notable Investments: AutoStore, Wolt, Vinted.
- Creandum
- Details: Creandum is a European venture capital firm that invests in innovative and fast-growing technology companies. It has a strong track record in supporting early-stage startups.
- Investment Focus Areas: Technology, digital media, consumer internet.
- Notable Investments: Spotify, Klarna, iZettle.
- Atwater Capital
- Details: Atwater Capital is an investment firm that focuses on the media and entertainment sectors. It aims to support companies with strong growth potential in these industries.
- Investment Focus Areas: Media, entertainment, digital content.
- Notable Investments: Epidemic Sound, wiip, Imagine Entertainment.
- AMF
- Details: AMF is a Swedish pension company that manages pension funds for millions of Swedes. It focuses on long-term investments to ensure stable returns for its clients.
- Investment Focus Areas: Real estate, infrastructure, equities.
- Notable Investments: Not publicly disclosed.
What's Next for Epidemic Sound?
As Epidemic Sound looks to the future, the company is poised to capitalize on several significant opportunities. With $450 million in recent funding, the company plans to accelerate user acquisition, develop new products, and localize its offerings. The growing demand for restriction-free music and the rise of digital content creation present vast potential for expansion into new international markets.
Given the substantial financial backing, future fundraising opportunities seem promising. The company may seek additional rounds to further scale its operations and enhance its platform. However, challenges such as competition from other music licensing platforms and navigating different regulatory environments in new markets could pose hurdles along the way.
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