Sonos Playbar 1

Sonos does a $130M secondary equity sale (update)

Update 12/3/2014: Sonos initially declined to comment about the Form D, but later clarified to say that the $130 million was done as a secondary equity sale — not a new funding round as initially reported. “The funding is just a secondary round strictly raised as a part of our ongoing liquidity program for employees not a new round of capital,” a Sonos spokesperson told VentureBeat.