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.

iHeartMedia