Epidemic Sound Sings Sweet Song to the Sound of $5M Series A
May 20, 2014
Epidemic Sound, a Stockholm-based digital music library for broadcasters and video producers, has closed its Series A round at $5 million. The funding, led by Creandum, will be used to grow the company's database, partly by paying producers to create more songs for it. The company purchases tracks outright from the producers when they are created, providing musicians a new way to earn money; in addition, Epidemic Sound can then offer simpler licensing deals, as it wholly owns its music.