Tech Company Financing Transactions
Sonos Funding Round
Sonos secured a $45 million investment round on 6/19/2012. Investors included KKR, Elevation Partners and Redpoint Ventures.
Transaction Overview
Company Name
Announced On
6/19/2012
Transaction Type
Venture Equity
Amount
$45,000,000
Round
Undisclosed
Investors
KKR (Lead Investor) (David Kerko)
Elevation Partners (Fred Anderson)
Redpoint Ventures (Allen Beasley)
Proceeds Purpose
Of the $135 million raised as part of Sonos' sixth round of financing, $45 million will be allocated to the expansion of its home audio business, while the remaining $90 million will allow previous investors to cash out their positions in the startup.
Company Information
Company Status
Publicly-held
Industry
Electronics
Mailing Address
223 E. De La Guerra
Santa Barbara, CA 93101
USA
Santa Barbara, CA 93101
USA
Phone
Website
Email Address
Overview
It's no surprise that all of us at Sonos (Nasdaq: SONO) are die-hard music fans. We too love to listen to salsa in the kitchen, techno in the office and rock in the garden. Which is why we worked so diligently and passionately to create the Sonos Digital Music System. It sounds great, looks amazing and works the way it should--easily and intuitively.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John MacFarlane
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