Confirmed: SoundCloud takes funding from Index and Union Square

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As we hinted predicted four days ago, SoundCloud was indeed talking to Index Ventures and Union Square Ventures about investing. It’s confirmed today on their blog that both firms have made undisclosed investments.

SoundCloud was looking to raise another round since its last was in April 2009, from Doughty Hanson Ventures for EUR 2.5 million. Since then it has scaled in adoption and taken on bigger offices and more staff.

The Berlin-based audio-streaming service for sharing music – not unlike a YouTube or Flickr for audio – recently passed two million users.

The startup, which has a freemium model where a Pro account costs €29.00 per year, has already attracted attention from Union Square’s Fred Wilson on his blog. It recently launched a round of new iPhone and Android apps allowing users to record directly onto the site and a new Mac desktop app.

  • http://topsy.com/eu.techcrunch.com/2011/01/08/confirmed-soundcloud-takes-funding-from-index-and-union-square/?utm_source=pingback&utm_campaign=L2 Tweets that mention Confirmed: SoundCloud takes funding from Index and Union Square -- Topsy.com

    […] This post was mentioned on Twitter by Mike Butcher and others. Mike Butcher said: Confirmed: SoundCloud takes funding from Index and Union Square http://bit.ly/fkGjKN […]

  • seoul

    Sorry for being off topic but i expected techcrunch would report about “google.com.bd” which is “hacked” now…….Please write a post about this.

    Related twitter query: http://twitter.com/#search?q=google.com.bd

    *********
    Regards,
    -seoul.
    http://twitter.com/godhulii

  • http://jetlib.com/news/2011/01/08/confirmed-index-and-union-square-invest-in-soundcloud/ Confirmed: Index And Union Square Invest In SoundCloud | JetLib News

    […] Read the rest of this entry » […]

  • http://trendoloji.com/?p=829 Doğruladı: Endeks ve Union Square Soundcloud Yatırım

    […] Read the rest of this entry » […]

  • JackTing

    How about some analysis of all the other sound based companies (YouTube for audio) the floundered, going back to Odeo. It doesn’t scale on a per contributor basis, nor is ultimately web level engaging. Do the research. A good metric is the founder of SoundCloud has only 70 tracks public. Compare that to photos or video contributions.

  • Chris Harris

    That sounds cool, thank you.

    Chris Harris
    http://goo.gl/8Y5j

  • http://bala.im/?p=411 Confirmed: Index And Union Square Invest In SoundCloud Balakrishnan V K - Balakrishnan V K

    […] Read the rest of this entry » […]

  • http://www.ATribeCalledWes.com Wes Smith

    SC is pretty cool in it’s simplicity and streaming combined with waveform commenting/collaboration. Anyone know of any other service that oes it this well and focused?

    • Tony Chuinard

      SpeakBin.com – although currently only available on Android and in-browser, it provides a very similar service. iPhone is in development.

  • http://www.yolao.com/1630.html 音频分享网站SoundCloud从Index和Union Square获得投资 | 优酪网

    […] via TechCrunch […]

  • http://tegnologia.es/confirmado-el-indice-y-union-square-inversion-en-soundcloud/ Index Ventures y Union Square Ventures Invierten en SoundCloud | Tegnologia.es

    […] Leer el resto de esta entrada» […]

  • http://www.soundctrl.com/blog/2011/01/14/3-questions-with-dave-from-soundcloud/ 3 Questions with….Dave from SoundCloud : SoundCtrl

    […] by now, everyone reading this knows who SoundCloud is and that they just received some serious funding from Union Square Ventures and Index Ventures a little over a week ago.  As a result, a lot of […]

  • http://ohsugar.com.au/2011/01/08/confirmed-index-and-union-square-invest-in-soundcloud/ Oh, Sugar! » Confirmed: Index And Union Square Invest In SoundCloud

    […] Read the rest of this entry » […]

  • http://eu.techcrunch.com/2011/02/10/post-pivot-soundcloud-reaches-three-million-registered-users/ Post-pivot, SoundCloud reaches three million registered users

    […] with the likes of Cinch and Audioboo, recently confirmed a new undisclosed round of funding from Index Ventures and Union Square Ventures. Prior to that, in April 2009 it raised €2.5m from Doughty Hanson […]

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  • http://venturevillage.eu/techcity-awards-soundcloud VentureVillage Meets London's Tech City: An Award for SoundCloud

    […] Francisco, and investment ranging from Index Ventures and Union Square Ventures ($10 million in January) to Ashton Kutcher’s A-Grade Fund (in June), its international profile continues to […]

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