Epidemic Sound closes $450M funding round at $1.4B valuation
Epidemic Sound, a platform for royalty-free music for video and other content has landed $450 million in a funding round led by Blackstone Growth and EQT Growth.
The investment in Epidemic Sound, which is based on a $1.4B valuation, comes after a year in which more digital content than ever before was created and consumed – particularly video.
The new raise will help fuel international expansion as well as fund more localized content.
“We’re in the privileged position where our music is the soundtrack to our generation’s greatest achievement. We know what the internet sounds like and through data, we can see the trends emerging among content creators as they use our tracks to bring their stories to life,” comments Epidemic Sound co-founder and CEO, Oscar Höglund.
Jan Zachrisson, Epidemic Sound co-founder, adds: “The idea back in 2009 and the idea today are one and the same; we want to allow for anyone, anywhere in the world to get the music they need to soundtrack their story. We’re delighted to welcome our new partners on board as we take this to the next level and enter the next stage of our growth journey with our community of music creators and storytellers.”