Epidemic Sound brings in EQT Growth and Blackstone Growth to support its next phase of development
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STOCKHOLM, March 11, 2021 /PRNewswire/
EQT Growth and funds managed by Blackstone Growth invest USD 450 million in Epidemic Sound, the market leading platform for restriction-free music, in a transaction valuing the company at USD 1.4 billion
EQT Growth will, together with Epidemic Sound s other shareholders, support international expansion in both existing and new markets, and accelerate customer acquisition as well as investments in the core user experience
EQT Mid Market Europe, which invested in Epidemic Sound in 2017, remains committed to long-term growth and continues to back the Company alongside the other investors