SoundCloud Raises $50 Million From Kleiner Perkins and GGV
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
SoundCloud is one of the most popular music streaming websites. The website has raised $50 million in funding from Kleiner Perkins Caufield & Byers and GGV Capital. This puts the company at a $200 million pre-money valuation. SoundCloud will be using the funding to expand aggressively in the U.S. Kleiner Perkins partner Mary Meeker will be taking a board observer seat at SoundCloud. SoundCloud is based in Berlin and was founded by Alexander Ljung and Eric Wahlforss.