The US-based DIY distribution platform confirmed today (August 16) that it has accepted an investment from Insight Partners which values it at $1.3 billion. Silversmith Capital Partners, a Boston-based growth equity firm that led DistroKid’s first outside investment in 2018, will retain “a meaningful ownership position” and remain on DistroKid’s board.
Source: DistroKid valued at $1.3 billion after funding from Twitter investor Insight Partners