KKR And Index Ventures Buys $25M Shares From Early Employees At Sonos

Posted Nov 6, 2013

Sonos, the home audio systems company, has received $25 million in a new round of funding, according to Fortune.  This money won’t actually be plugged into the company for increasing resources.  Instead, it will be used for buying out shares from early employees.

Existing investors Kohlberg Kravis Roberts & Co. and Index Ventures are buying the shares from the employees.  Fortune reports that this is at least the third time that Sonos’ investors gave employees liquidity options, including a part of the $135 million round that KKR led in July 2012.

[Source: Fortune]