Beats Electronics

Acquired

Premium consumer audio brand that made headphones, earphones, speakers, and launched Beats Music streaming service. Co-founded by hip-hop producer Dr. Dre and music executive Jimmy Iovine, it became the dominant premium headphone brand before Apple's largest-ever acquisition.

Founders Dr. Dre, Jimmy Iovine

CEO Jimmy Iovine

Company

Founded

2006

Headquarters

Culver City, US

Employees

501-1000

Financials

Total Funding

$869M

Last Valuation

$1.6B

Revenue (ARR)

$1B+

Sectors

Entertainment Hardware Consumer Tech

www.beatsbydre.com

Funding History

3 rounds

Acquired by Apple Aug 1, 2014

$3.0B

Undisclosed Sep 27, 2013

$500M

Valuation: $1.6B

The Carlyle Group (Lead)

Undisclosed Mar 6, 2013

$60M

Access Industries (Lead)

Undisclosed Aug 10, 2011

$309M

Valuation: $617M

HTC Corporation (Lead)

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.