Tech Company Financing Transactions
SoundCloud Funding Round
On 3/24/2017, SoundCloud raised $70 million in investment from Ares Capital, Kreos Capital and private investors.
Transaction Overview
Company Name
Announced On
3/24/2017
Transaction Type
Debt
Amount
$70,000,000
Round
Undisclosed
Investors
Proceeds Purpose
This new funding will enable SoundCloud to strategically grow our technology and personnel resources to fuel our expected 2.5 times year-over-year growth in 2017, while building a financially sustainable platform on which our connected community of creators, listeners and curators can thrive for years to come."
Company Information
Company Status
Private & Independent
Industry
Entertainment
Mailing Address
Rheinsberger Str. 76/77
Berlin, 10115
Germany
Berlin, 10115
Germany
Phone
Website
Email Address
Not Recorded
Overview
SoundCloud is the world's leading social sound platform where anyone can create sounds and share them everywhere. Recording and uploading sounds to SoundCloud lets people easily share them privately with their friends or publicly to blogs, sites and social networks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alexander Ljung
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