Epidemic Sound secured $450 million from EQT and Blackrock.

Epidemic Sound, a Stockholm, Sweden-based music company, announced signing a $450 million investment deal.

The transaction is a combination of secondary share deal and capital infusion and was made with the private equity firms EQT Partners and BlackRock. EQT Partners will invest via its EQT Growth fund and will have the EQT Mid Market Europe, which acquired 40% of Epidemic Sound in 2017, partially exit.

With the new commitment from its Growth strategy, EQT continues to be the largest shareholder in Epidemic Sound. Other investors include Creandum and Atwater Capital.

The entire transaction values the company at $1.4 billion.

Epidemic Sound, founded in 2009 by Peer Åström, David Stenmarck, Hjalmar Winbladh, Jan Zachrisson and Oscar Höglund (CEO), provides a music service with a cheap and simple-to-access library of soundtrack music. The company aims to offer high-quality music, primarily targeting video content production clients, in-store music and streaming platforms, and serves the global "online creator economy" through its subscription service that gives access to a unique library of 32,000 high-quality tracks. The company collaborates with music creators to produce music that soundtracks everything from online videos to TV and film productions.