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SoundCloud Atracts $3.3M Funding

By: Bruce Houghton
2009-04-17

SoundCloud, a net based audio platform that enables musicians to send, receive and distribute music, has received 2.5 million...

...($3.3M USD) from Doughty Hanson Technology Ventures in its first institutional round of equity financing.

SoundCloud provides a platform to privately exchange music enabling easy studio quality collaboration without any specialist technical expertise. The company was founded in 2007 and since its launch in October 2008 has attracted more than 100,000 registered users.

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About the Author:
Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations.

http://www.hypebot.com


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