About Beats Electronics
Beats Electronics is a company based in Santa Monica (United States) founded in 2008 by Dre and Jimmy Lovine was acquired by Apple in May 2014. Beats Electronics has raised $560 million across 2 funding rounds from investors including Apple and The Carlyle Group. Beats Electronics has completed 1 acquisition, including MOG. Beats Electronics offers products and services including Powerbeats Pro 2, Beats Studio Pro, and Beats Pill. Beats Electronics operates in a competitive market with competitors including Skullcandy, Sennheiser, Bose, JBL and Marshall Headphones, among others.
- Headquarter Santa Monica, United States
- Founders Dre, Jimmy Lovine
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Sectors
Consumer
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Phone
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$560 M (USD)
in 2 rounds
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Latest Funding Round
$500 M (USD), Private Equity Round
Sep 27, 2013
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Investors
Apple
& 1 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Apple
(May 09, 2014)
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Products & Services of Beats Electronics
Beats Electronics offers a comprehensive portfolio of products and services, including Powerbeats Pro 2, Beats Studio Pro, and Beats Pill.
Wireless earbuds built for athletes with long battery life.
Over-ear wireless headphones featuring noise cancellation technology.
Portable wireless speaker for high-quality audio playback.
People of Beats Electronics
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Software Development Team
170 people
Machine Team
90 people
Sales and Marketing
90 people
Leadership Team
88 people
Data Analysis and Operations Team
77 people
Human Resources and Administration
74 people
Senior Team
68 people
Product Management Team
56 people
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Funding Insights of Beats Electronics
Beats Electronics has successfully raised a total of $560M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $500 million completed in September 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Beats Electronics
Beats Electronics has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Apple and The Carlyle Group.
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Private equity investments are directed toward multiple sectors.
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Consumer electronics, computers, and software are designed and sold worldwide.
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Investor details for Beats Electronics
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Investments & Acquisitions by Beats Electronics
Beats Electronics has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MOG.
Investment portfolio details for Beats Electronics
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On-demand music streaming is offered via subscriptions across multiple platforms.
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Complete acquisition details for Beats Electronics
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Financial Statements - Beats Electronics
Detailed financials for Beats Electronics
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Beats Electronics Comparisons
Peer comparison for Beats Electronics
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Competitors of Beats Electronics
Beats Electronics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Skullcandy, Sennheiser, Bose, JBL and Marshall Headphones, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Headphones, earbuds, speakers, and gaming accessories are manufactured.
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Headphones, microphones, and wireless transmission systems are provided.
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Audio products are manufactured and technologies are developed.
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Audio devices are manufactured and distributed by JBL since 1946.
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Produces and sells audio amplifiers, speakers, headphones, and music merchandise worldwide.
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Detailed competitors of Beats Electronics
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Latest news on Beats Electronics
Complete news archive for Beats Electronics
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Frequently Asked Questions about Beats Electronics
Beats Electronics was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Beats Electronics is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Beats Electronics is a funded company, having raised a total of $560M across 2 funding rounds to date.
Beats Electronics was founded in 2008 in Santa Monica, United States, by co-founders Dr. Dre and Jimmy Iovine. The company operates within the consumer electronics sector, focusing on audio products such as headphones and speakers. Distribution occurs through online and retail channels, with the brand emphasizing sound quality for music enthusiasts. Operations are centered in the U.S., serving global markets via partnerships with major retailers.
Beats Electronics's top competitors include Skullcandy, Sennheiser and JBL.
Beats Electronics offers Powerbeats Pro 2, Beats Studio Pro, and Beats Pill.
Beats Electronics has made 1 acquisition, including MOG.
Beats Electronics has 2 investors. Key investors include Apple, and The Carlyle Group.