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# TuneIn Raises $50 Million For Online Audio Service
- URL: https://www.hypebot.com/tunein-raises-50-million-for-online-audio/
- Published: 2017-08-15T08:49:34.000Z
- Updated: 2017-08-15T08:49:34.000Z
- Description: Online radio station and audio aggregator TuneIn has raised $50 million to fund a growing portfolio of programming for a paid service to rival Sirius XM.
- Author: Bruce Houghton
- Tags: Radio & Satellite, Startups & Funding, Streaming, Alphabet Inc., Bloomberg Beta, Bloomberg L.P., Blue chip (stock market), Board of directors, Chief executive officer, Lagos, Nigeria, Sequoia Capital, TuneIn, #wp, #wp-post, #Import 2026-01-21 10:05

[![tunein logo](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2a03a02970c-200wi "tunein logo")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2a03a02970c-popup?ref=hypebot.com)Online radio station and audio aggregator TuneIn has raised $50 million to fund a growing portfolio of programming for a paid service to rival Sirius XM. [![Headphones.png.625x385_q100](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2a03a1d970c-200wi "Headphones.png.625x385_q100")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2a03a1d970c-popup?ref=hypebot.com)Today's new $50 million in funding values TuneIn at about $500 million, a source told Bloomberg. Marker, IVP and Comcast Ventures led the round, which also included Sequoia Capital, Causeway Media Partners and General Catalyst Partners. The company has raised $140 million to date.TuneIn will use the funding for more original programming including live music, podcasts and sports.“Two years ago we launched a premium subscription with a play by play of every game from every league, home and away, with worldwide rights for every connected device,” Chief Executive Officer John Donham told [Bloomberg](https://www.bloomberg.com/news/articles/2017-08-11/tunein-raises-50-million-to-prove-online-audio-can-make-money?ref=hypebot.com). “It turns out those deals are not cheap. We’re excited about building a subscription base. But in the mean time, we’re paying for that content.”

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