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.

Buddy Media has raised $54 million in its latest financing round. The company, which helps advertisers manage their Facebook and Twitter presence, is reportedly worth $500 million. The funding comes from Insight Venture Partners, Institutional Venture Partners, Bay Partners and GGV Capital. CEO Mike Lazerow says the money will be used to expand the company to Europe and double their staff. [AllThingsD]

Music streaming service Pandora has had their first profitable quarter and the company has raised its fifth round of funding.  The amount of the fifth round was undisclosed and it was provided by GGV Capital with participation from Allen & Company.  Pandora currently has 50 million registered users and previously raised a total of $56.3 million.  Pandora’s revenues for 2009 was $50 million, but the company had to pay about $28 million in royalties.

Qunar is a Chinese travel search engine company that has raised $15 million from GGV Capital, Mayfield Fund, GSR Ventures, and Tenaya Capital. This round of funding occurred shortly after TripAdvisor acquired Kuxun.cn for $12 million. Qunar will be using the funding for marketing, branding, and other developments.