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    SoundCloud Raises $50 Million Round Led By Kleiner Perkins

    Mike Butcher

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    Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

    Monday, January 2nd, 2012
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    soundcloud

    SoundCloud has raised a new fundraising round led by Kleiner Perkins Caufield & Byers. The amount was not released but TechCrunch understands it to be $50 million. This would give the company a $200 million pre-money valuation. GGV Capital also participated in this round. The social sound platform which has seen high growth in the past year will use the funding to expand more rapidly, especially in the US. Mary Meeker, partner at Kleiner Perkins Caufield & Byers, will take a board observer seat at the company. She already serves on the board of Square.

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