SoundCloud Raises $50 Million From Kleiner Perkins and GGV

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.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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