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# SoundCloud Raises $10 Million In Venture Funding To Scale Faster & Expand In U.S.
- URL: https://www.hypebot.com/soundcloud-raises-10-million-in-venture-funding-for-us-expansion/
- Published: 2011-01-10T10:30:00.000Z
- Updated: 2011-01-10T10:30:00.000Z
- Description: 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. Continue reading [https://www.hypebot.com/hypebot/2011/01/soundcloud-raises-10-million-in-venture-fundi
- Author: admin
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:59

[![image from 2.bp.blogspot.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e20147e1697951970b-100wi "image from 2.bp.blogspot.com")](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/2-bp-blogspot-com/%5Ftg%5FdThHiNyU/TLZT21ze0OI/AAAAAAAAANE/SRMSd-Dn0Vw/s1600/soundcloud%5Flogo.png?ref=hypebot.com) Last week, **RootMusic** [received $2.3 million](https://www.hypebot.com/rootmusic-gets-23-million-to-help-musicians-build-better-facebook-pages/) to help musicians build better Facebook pages and **trueAnthem** [raised $2.9 million](https://www.hypebot.com/trueanthem-gets-29-million-for-ad-supported-music/) to take another shot at making ad-supported music market work. Then, **X5 Music**, a Swedish digital-only record label, [landed $9 million](https://www.hypebot.com/digital-only-label-x5-music-gets-9-million-venture-funding-for-us-expansion/) in funding to help them expand into the U.S. market. Now, **[SoundCloud](www.soundcloud.com)** has[ announced receiving $10 million](http://blog.soundcloud.com/2011/01/08/meet-fred-wilson-and-mike-volpi/?ref=hypebot.com) 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](http://blog.soundcloud.com/2011/01/08/meet-fred-wilson-and-mike-volpi/?ref=hypebot.com).

**Fred Wilson**:

  
[Thoughts on SoundCloud](http://soundcloud.com/fredwilson/thoughts-on-soundcloud?ref=hypebot.com) by [fredwilson](http://soundcloud.com/fredwilson?ref=hypebot.com). Uploaded with [SoundCloud Android](http://soundcloud.com/apps/android?ref=hypebot.com)

**Mike Volpi:** 

  
[Mike Volpi Audio Blog on Friday morning](http://soundcloud.com/volpi/mike-volpi-audio-blog-on-friday-morning?ref=hypebot.com) by [mvolpi](http://soundcloud.com/volpi?ref=hypebot.com). Uploaded with [SoundCloud](http://soundcloud.com/apps/iphone?ref=hypebot.com)

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\* *Reports indicate that SoundCloud actually raised this money last year, but only made the announcement now, because they were busy building music apps.*