January 23, 2012 – SoundCloud, the leading social sound platform, raised an undisclosed amount in a fundraising round led by Kleiner Perkins Caufield & Byers. GGV Capital also participated. The investment will allow SoundCloud to continue to expand more rapidly.
Mary Meeker, partner at Kleiner Perkins Caufield & Byers, will take a board observer seat at the company. Currently, Mary serves on the board of Square and is actively involved in KPCB’s investments in in Groupon, Legalzoom, Waze, 360buy.com, Spotify, Jawbone, One King’s Lane and Trendyol.
Ljung continued, “Mary Meeker showed very clearly in her recent State of the Internet 2011 presentation that sound is the next frontier on the Web. That vision, along with spotlighting mobile and international markets, made it clear that Kleiner Perkins aligns with SoundCloud’s mission.”
Prior to this announcement, SoundCloud’s funding came from B-Round investors Union Square Ventures and Index Ventures, and A-Round investor Doughty Hanson Technology Ventures.
Kristina WeiseSoundCloud (US)firstname.lastname@example.org
Alice RegesterSoundCloud (UK/Europe)email@example.com+ 44 7758 834 646
SoundCloud, launched in 2008 by Alexander Ljung and Eric Wahlforss, is a social sound platform that lets anyone create, record, promote and share their sounds on the web in a simple, accessible and feature-rich way. SoundCloud allows sound creators to instantly record or upload original audio content, embed sound across websites and blogs, share publicly and privately, receive detailed analytics, plus get feedback from the community directly onto the waveform. For more information go to: https://soundcloud.com
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