Om Malik: Sonos gets $45 million in new cash, adds biggies to its board
by Volker Weber
Sonos, a Santa Barbara, Calif-based company that makes networked connected music hardware, has raised a $45 million in new investment and has expanded its board to add some heavyweights. The new investors in the company include Kohlberg, Kravis & Roberts (KKR), Elevation Partners and Redpoint Ventures. Index Ventures, which is an existing investor, did not participate in this round.
The company also executed $90 million in secondary financing. The secondary financing allows existing investor BV Capital and other shareholders such as employees, founders and angel investors to cash in their chips.
