Swedish music firm Epidemic Sound made lots of noise final 12 months.
In March, the corporate accomplished a $450 million funding spherical – together with cash from funding large Blackstone – giving Epidemic a $1.4 billion valuation.
And in June, Epidemic, by way of its annual fiscal report, revealed that its revenues grew by 49% YoY in 2020 to SEK 575 million (approx. $69.5m).
Now, Epidemic has began 2022 with a bang, naming former Shazam CEO and Chairman, Andrew Fisher because the Chairperson of its Board.
Fisher brings expertise by means of his time as CEO and Chairman of Shazam, and is presently Chairperson of Rightmove plc, a FTSE 100 firm, since January 2020.
He has additionally been on the Marks and Spencer plc board since 2015.
Fisher succeeds Vania Schlogel within the function, who will stay on the Board as a Director.
News of Fisher’s new function follows the latest appointments of two non-executive administrators, Kirsten Wolberg and Adrienne Gormley.
Wolberg is a former Salesforce and Docusign govt, and has spent her profession supporting rising corporations and main on product improvement, expertise administration and extra.
She serves on a number of boards, together with Sallie Mae (NASDAQ: SLM), Dynatrace (NYSE: DT) and Pie Insurance.
Gormley, in the meantime, is a former Google and Dropbox govt, and is an lively member throughout Diversity, Equity and Inclusion networks and organizations, and is a mentor to feminine entrepreneurs in EMEA and past, says Epidemic.
“I am delighted to be joining the Epidemic team.”
Andrew Fisher, Epidemic Sound
Andrew Fisher, Chairperson at Epidemic Sound, stated: “I am delighted to be joining the Epidemic team and look forward to contributing to the continued development of such a fantastic business.
“I would like to thank Vania for her outstanding contribution over the past four years and am excited to have the opportunity to work with her on the board.”
“Andrew’s relevant experience and deep understanding of digital economy and the music industry makes him an incredible asset.”
Vania Schlogel, Atwater Capital
Vania Schlogel, founder and managing associate of Atwater Capital, a media and leisure sector-focused funding agency, and former Epidemic Sound Chairperson, stated: “Andrew’s relevant experience and deep understanding of digital economy and the music industry makes him an incredible asset for Epidemic Sound and its board.
“I’m thrilled to be handing the Chairperson baton over to him and I look forward to working with him as a board member.
Added Schlogel: “I’d also like to take this opportunity to thank Epidemic Sound leadership and its people for their hard work over the past four years.
“The company has gone from strength to strength, and it has been a privilege to be part of this exciting journey. From a company worth approximately $100 million when I first became Chairperson, Epidemic Sound has now grown into a valuation of over $1.4 billion.
“With our recent board appointments, strong growth and a world class leadership team, I’m confident we are on the right track to write the next chapter for Epidemic Sound.”
“We’re proud of how far we’ve come as a company over the past 12 years.”
Oscar Hoglund, Epidemic Sound
Oscar Hoglund, founder and CEO at Epidemic Sound, added: “We’re proud of how far we’ve come as a company over the past 12 years.
“And with the expertise and experience from these impressive executives from software as a service (SaaS) and musictech sectors, we’re confident that we’ve strengthened the board in the right areas to help us continue to serve the creator economy and navigate our next chapter in our journey.”Music Business Worldwide