Epidemic Raises Funds to the Tune of $20 Million to Soundtrack the World

Epidemic Sound (Epidemic), named as the second fastest growing Swedish technology company on the Financial Times’ list of Europe’s fastest-growing companies, announces a raise of $20 million to fuel global expansion.

The fundraise comprised of equity from DS Asset Management, a leading Korean asset manager founded by entrepreneur DS Jang, and debt from Skandinaviska Enskilda Banken AB (SEB), a Swedish financial group.

The funds will be used to further penetrate markets it is live in and launch in new markets and continents, with a strong focus on Asia. In autumn 2019, Epidemic launched in Seoul, South Korea via a partnership with DS Asset Management. Through the strategic launch, Epidemic seeks to partner with some of Asia’s most dynamic musicians and next generation content creators.

The raise comes off the back of a sharp increase in demand for Epidemic’s music from all types of content creators due to the quality of its music and its simple licensing model. Epidemic has over 10,000 creators a week, everyone from influential YouTubers to well-respected film producers and directors, as well as brands and major broadcasters.

Oscar Hoglund, co-founder and CEO, comments: "Asia is home to some of the world’s most exciting and dynamic online content creators, musicians, and businesses. We have witnessed strong growth in demand for Epidemic’s music platform across the Asian continent prior to even having a presence there, so this launch feels like a natural next step for Epidemic.

“Furthermore, we’re humbled and thrilled to be working with DS Asset Management. Expanding in Asia in partnership with such an entrepreneurial, locally-connected group gives us great confidence in our expansion plans.”

Vania Schlogel, chair of the board of directors at Epidemic, adds: “The speed with which Epidemic has been executing to soundtrack all corners of the world is a testament to the quality of Epidemic’s music and best-in-class technology licensing platform. Epidemic has grown its revenue by over 100% year over year, sources its tracks from some of the world’s most talented artists, and provides music to top global brands and online content creators. Epidemic has revolutionised this segment of content creation and sharing for a digital economy.”

Epidemic is backed by Creandum, EQT Mid-Market and Atwater Capital. The Company has offices in eight major cities across the globe: Stockholm, Helsinki, New York City, Amsterdam, Hamburg, Madrid, Los Angeles and Sydney.