Sonos Garners $45,000,000 New Financing Round
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=62c7af61-a53e-4f20-90c3-8f0e0a69806d&Preview=1 -
Date
6/19/2012 -
Company Name
Sonos -
Mailing Address
223 E. De La Guerra Santa Barbara, CA 93101 -
Company Description
It’s no surprise that all of us at Sonos 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. We hope you’ll agree. -
Website
http://www.sonos.com -
Transaction Type
Venture Equity -
Transaction Amount
$45,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
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. -
M&A Terms
-
Venture Investor
Kohlberg Kravis Roberts -
Venture Investor
Elevation Partners -
Venture Investor
Redpoint Ventures
