# Skullcandy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skullcandy

- Industry: Electronics
- Headquarters: Park City, US
- Website: www.skullcandy.com
- Total disclosed funding: $2M
- Latest round: Series B (Dec 21, 2007)
- Investors on record: 1

## About

Skullcandy Inc. is a prominent audio company specializing in headphones, earbuds, and gaming accessories, known for delivering quality sound and innovative designs that cater to diverse audio enthusiasts.Founded in 2003 in Park City, US, Skullcandy Inc. designs and sells audio equipment, including headphones and earbuds. The company successfully transitioned to Public to Private in July 2011, raising USD 173.20 mn from Mill Road Capital, marking a significant funding milestone. The founder, Rick Alden, has a history of establishing brands in the audio industry.Skullcandy specializes in audio products, including headphones, earbuds, gaming accessories, and portable speakers, designed to deliver high-quality sound at accessible price points. Their core offerings feature advanced technologies such as Active Noise Canceling (ANC) and Sensory Bass, which enhance the listening experience for users across various environments. Notable products include the Method 360 ANC earbuds, which integrate hybrid noise canceling and versatile design, and the Crusher ANC headphones, known for their immersive 360° THX® Spatial Audio and unique bass features. These products cater to a diverse client base, including casual listeners, gaming enthusiasts, and outdoor adventurers, with a focus on providing comfort and premium audio quality. Skullcandy's market reach extends beyond North America, serving customers in Europe, Asia, and select regions in South America, thus emphasizing its global appeal.In 2015, Skullcandy reported a revenue of USD 266.32 mn, with an EBITDA of USD 23.27 mn. The revenue structure is primarily driven by direct-to-consumer sales through its e-commerce platform, as well as partnerships with various retailers and wholesalers globally. Transactions typically involve the purchasing of headphones, earbuds, and speakers, with an emphasis on flagship products such as the Method 360 ANC and Crusher ANC series. Customers engage in one-time purchases or may opt for bundled deals during promotional sales, encouraging higher volume transactions. Specific pricing plans vary across product lines, ensuring competitive positioning within the audio equipment market. The company also offers membership benefits through its SOUNDLAB program, which includes incentives like free shipping and exclusive rewards, further enhancing customer engagement and loyalty.Skullcandy plans to leverage recent funding from its public offering to enhance product development and expand its market presence. The company is focused on launching new audio products, although specific release dates are not disclosed. Additionally, Skullcandy aims to penetrate new markets in Asia and South America by 2023, targeting growth in regions with increasing demand for high-quality audio solutions. The funds from the USD 173.20 mn raised in July 2011 will support these initiatives and the continued development of innovative audio technologies.

## Funding rounds

- Series B, Dec 21, 2007, $2M — Mercato

## Investors

- Mercato (https://capitalatlas.ai/funds/mercato) — Series B