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
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
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
SoundCloud LinkedIn Company Profile
Social Media
SoundCloud Company Twitter Account
Company News
SoundCloud News
Facebook
SoundCloud on Facebook
YouTube
SoundCloud on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Alexander Ljung
  Alexander Ljung LinkedIn Profile  Alexander Ljung Twitter Account  Alexander Ljung News  Alexander Ljung on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/24/2017: Peerbridge Health venture capital transaction
Next: 3/24/2017: Health Data Vision venture capital transaction

 

Share this article

 


News on VC Transactions

Our team works diligently to report on every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary