Unicorn Nest news
– Epidemic Sound is a Stockholm, Sweden-based platform for restriction-free music.
– The company raised $450m in funding at a $1.4b valuation.
– Backers included funds managed by Blackstone Growth and EQT Growth.
– The new investment will be used to expand the company’s business reach internationally to reach new creators in both existing territories like North America whilst also localizing its digital offering and to invest in the core user experience it offers.