SoundCloud Raises $10 Million In Venture Funding To Scale Faster & Expand In U.S.
Last week, RootMusic received $2.3 million to help musicians build better Facebook pages and trueAnthem raised $2.9 million to take another shot at making ad-supported music market work. Then, X5 Music, a Swedish digital-only record label, landed $9 million in funding to help them expand into the U.S. market. Now, SoundCloud has announced receiving $10 million in a funding round led by Index Ventures and Union Square Ventures.*
Interviews with Fred Wilson and Mike Volpi below:
The company intends to use this money to scale faster and be more present in the U.S. With this announcement, SoundCloud also posted short interviews with their new investors – Index's Mike Volpi and Union Square's Fred Wilson.
As it turns out, VCs don't hate music after all. Listen below or read them here.
Fred Wilson:
Thoughts on SoundCloud by fredwilson. Uploaded with SoundCloud Android
Mike Volpi:
Mike Volpi Audio Blog on Friday morning by mvolpi. Uploaded with SoundCloud
—
*Reports indicate that SoundCloud actually raised this money last year, but only made the announcement now, because they were busy building music apps.
Congrats Henrick and team Soundcloud is awesome!!!!
Do you find it rational that they are suspicious connected with an full industry due to a very few terrible cheerios? There are actually not less than not one but two vital disparities, it appears to be with me. Initially, not one person worries this scientific research is proven to work, anything erroneous plus counterfeit lay claim could ever so often often be available. Nonetheless if there are actually every “miraculous” products out of faith-healing, above the male bodys private capability get rid of on its own, is rather a great deal during dilemma. The second thing is, a expose’ with dupery plus blunder around scientific research created just about completely by way of scientific research. Although the vulnerability with dupery plus blunder around faith-healing will be under no circumstances executed by way of alternative faith-healers.
It takes a minute to have a crush on someone, an hour to like someone and a day to love someone. But it takes a lifetime to forget someone.