Sonos, the developers of a sexy, high-end wireless home audio system, has raised $135 million in funding led by private equity firm Kohlberg Kravis Roberts. Previous investors Redpoint Ventures and Elevation Partners also contributed to the round, bringing the company's total funding to just under $200 million. As part of the round, KKR's David Kerko, Elevation Managing Director Fred Anderson, and Rhode Island School of Design President John Maeda will be joining the company's board of directors. The participation of Elevation's Avie Tevanian and Fred Anderson in the investment is of particular note, as both are former Apple executives, with Anderson being the former CFO.
Wednesday, June 20, 2012
Sonos Lands $135M For Its Classy Wireless Home Audio Systems
Sonos, the developers of a sexy, high-end wireless home audio system, has raised $135 million in funding led by private equity firm Kohlberg Kravis Roberts. Previous investors Redpoint Ventures and Elevation Partners also contributed to the round, bringing the company's total funding to just under $200 million. As part of the round, KKR's David Kerko, Elevation Managing Director Fred Anderson, and Rhode Island School of Design President John Maeda will be joining the company's board of directors. The participation of Elevation's Avie Tevanian and Fred Anderson in the investment is of particular note, as both are former Apple executives, with Anderson being the former CFO.
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