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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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $500.0M
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First Round
First Round
(07 Mar 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2013 | Amount | Private Equity Round - Beats Electronics | Valuation |
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| Mar, 2013 | Amount | Private Equity Round - Beats Electronics | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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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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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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On-demand music streaming is offered via subscriptions across multiple platforms.
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Beats Electronics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Beats Electronics Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Audio devices are manufactured and distributed by JBL since 1946.
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| domain | founded_year | HQ Location |
Produces and sells audio amplifiers, speakers, headphones, and music merchandise worldwide.
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Beats Electronics
Frequently Asked Questions about Beats Electronics
When was Beats Electronics founded?
Beats Electronics was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is Beats Electronics located?
Beats Electronics is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Is Beats Electronics a funded company?
Beats Electronics is a funded company, having raised a total of $560M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $60M, raised on Mar 07, 2013.
What does Beats Electronics do?
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.
Who are the top competitors of Beats Electronics?
Beats Electronics's top competitors include Skullcandy, Sennheiser and JBL.
What products or services does Beats Electronics offer?
Beats Electronics offers Powerbeats Pro 2, Beats Studio Pro, and Beats Pill.
How many acquisitions has Beats Electronics made?
Beats Electronics has made 1 acquisition, including MOG.
Who are Beats Electronics's investors?
Beats Electronics has 2 investors. Key investors include Apple, and The Carlyle Group.
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