Web audio service SoundCloud has raised a reported $50 million in funding in the latest round led by Kleiner Perkins Caufield & Byers.
SoundCloud has seen exponential growth this year in terms of users and greatly evolved our product offerings. With Kleiner Perkins’ impeccable track record for recognizing and investing in companies with a long-term view, and their understanding and support for the potential of sound, we couldn’t be more excited about working together. — Alexander Ljung, SoundCloud Founder & CEO
According to SoundCloud the funding “will allow SoundCloud to continue to expand more rapidly.”
