Funding round
Epidemic Sound Growth
Reported as "Growth Equity"
Epidemic Sound, which works in music and sound effects licensing in Stockholm, raised $450M in a Growth round announced on 10 Mar 2021, led by Blackstone, at a $1.40B post-money valuation. 2 firms took part.
$450M
Amount raised
$1.40B
Post-money valuation
2
Investors
1 lead
32%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Epidemic Sound at $1.40B after the new money. The $450M bought investors about 32% of the company. It is Epidemic Sound's first venture round on record, 12 years after it was founded in 2009. No later venture round is on record for Epidemic Sound.
Epidemic Sound's funding rounds
This is the only venture round on record for Epidemic Sound.
- Other not a venture round 28 Apr 2017 $1.0M$45M post-money
- Growth this round 10 Mar 2021, led by Blackstone $450M$1.40B post-money
Investors
Who put money in
Blackstone led the round with 1 other firm.
Lead investor
- Blackstone backs 83 venture-backed companies new investor
Also in the round
- EQT backs 99 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Art & Music Publishers, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Art & Music Publishers | 1 Apr 2021 | $50M | not disclosed | not named |
| Art & Music Publishers | 1 Dec 2021 | $160M | not disclosed | Praxis Capital |
| Amoun Pharmaceutical Pharmaceutical Products | 31 Mar 2021 | $740M | not disclosed | not named |
| Dream Sports Tech Companies | 24 Mar 2021 | $400M | $5.00B | Technology Crossover Ventures and D1 Capital Partners |
| LIVEKINDLY Collective Food Production | 29 Mar 2021 | $335M | not disclosed | TPG |
| Dapper Labs Tech Companies | 30 Mar 2021 | $305M | $2.60B | Coatue |
| Vestiaire Collective Clothing Stores | 1 Mar 2021 | $216M | not disclosed | Kering and Tiger Global |
| Loggi Shipping Couriers | 1 Mar 2021 | $205M | $2.00B | CapSur Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Epidemic Sound raise in its Growth round?
Epidemic Sound raised $450M in its Growth round, announced in Mar 2021.
Who led Epidemic Sound's Growth round?
Blackstone led it, with EQT.
What was Epidemic Sound's valuation at the Growth round?
$1.40B post-money.