iHeartMedia
iHeartMedia Raises $10B in Private
Quick Facts
iHeartMedia Raises $10B in Private
iHeartMedia has successfully raised $10B in a Private at a $12B valuation led by Private.
Company Overview
iHeartMedia is a Entertainment company headquartered in 20880 Stone Oak Parkway, San Antonio, TX 78258, founded in 1972 with 9000+ employees.
Mass media corporation
Fundraising Details
- Amount Raised: $10B
- Round Type: Private
- Valuation: $12B
- Date: 2024-01-01
- Investors: Private
About iHeartMedia
Mass media corporation The company is positioned in the Entertainment sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 20880 Stone Oak Parkway, San Antonio, TX 78258
- Founded: 1972
- Team Size: 9000+
- Industry: Entertainment
What This Means
This funding round demonstrates strong investor confidence in iHeartMedia's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Entertainment sector continues to attract significant investment as companies innovate to meet evolving market demands. iHeartMedia's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $12B valuation marks an important milestone for iHeartMedia, positioning the company among notable players in the Entertainment industry.
Looking Ahead
With this new capital, iHeartMedia is well-positioned to execute on its growth strategy and continue building innovative solutions in the Entertainment space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-01-01. For more information about iHeartMedia, visit their headquarters at 20880 Stone Oak Parkway, San Antonio, TX 78258.
About the Author
Related Company Reports
Harvey AI Raises $160 million in Series F
Harvey AI, a AI Software company based in San Francisco CA, has raised $160 million in Series F at a $8 billion valuation led by Andreessen Horowitz.
7AI Raises $130 million in Series A
7AI, a Cybersecurity company based in Boston MA, has raised $130 million in Series A at a $700 million valuation led by Index Ventures.
TRIANA Biomedicines Raises $120 million in Series B
TRIANA Biomedicines, a Biotechnology company based in Lexington MA, has raised $120 million in Series B at a Undisclosed led by Ascenta Capital.