Swedish music company Epidemic Sound made a lot of noise last year.
In March, the company completed a $450 million funding round – including money from investment giant Blackstone – giving Epidemic a $1.4 billion valuation.
And in June, Epidemic, via its annual fiscal report, revealed that its revenues grew by 49% YoY in 2020 to SEK 575 million (approx. $69.5m).
Now, Epidemic has started 2022 with a bang, naming former Shazam CEO and Chairman, Andrew Fisher as the Chairperson of its Board.
Fisher brings experience through his time as CEO and Chairman of Shazam, and is currently Chairperson of Rightmove plc, a FTSE 100 company, since January 2020.
He has also been on the Marks and Spencer plc board since 2015.
Fisher succeeds Vania Schlogel in the role, who will remain on the Board as a Director.
News of Fisher’s new role follows the recent appointments of two non-executive directors, Kirsten Wolberg and Adrienne Gormley.
Wolberg is a former Salesforce and Docusign executive, and has spent her career supporting growing companies and leading on product development, talent management and more.
She serves on several boards, including Sallie Mae (NASDAQ: SLM), Dynatrace (NYSE: DT) and Pie Insurance.
Gormley, meanwhile, is a former Google and Dropbox executive, and is an active member across Diversity, Equity and Inclusion networks and organizations, and is a mentor to female entrepreneurs in EMEA and beyond, says Epidemic.
“I am delighted to be joining the Epidemic team.”
Andrew Fisher, Epidemic Sound
Andrew Fisher, Chairperson at Epidemic Sound, said: “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 partner of Atwater Capital, a media and entertainment sector-focused investment firm, and former Epidemic Sound Chairperson, said: “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