Last week, RootMusic received $2.3 million to help musicians build better Facebook pages and trueAnthem raised $2.9 million to take another shot at making ad-supported music market work. Then, X5 Music, a Swedish digital-only record label, landed $9 million in funding to help them expand into the U.S. market. Now, SoundCloud has announced receiving $10 million in a funding round led by Index Ventures and Union Square Ventures.*
Interviews with Fred Wilson and Mike Volpi below:
The company intends to use this money to scale faster and be more present in the U.S. With this announcement, SoundCloud also posted short interviews with their new investors—Index's Mike Volpi and Union Square's Fred Wilson.
As it turns out, VCs don't hate music after all. Listen below or read them here.
Fred Wilson:
Thoughts on SoundCloud by fredwilson. Uploaded with SoundCloud Android
Mike Volpi:
Mike Volpi Audio Blog on Friday morning by mvolpi. Uploaded with SoundCloud
—
*Reports indicate that SoundCloud actually raised this money last year, but only made the announcement now, because they were busy building music apps.
Interviews with Fred Wilson and Mike Volpi below:
The company intends to use this money to scale faster and be more present in the U.S. With this announcement, SoundCloud also posted short interviews with their new investors—Index's Mike Volpi and Union Square's Fred Wilson.
As it turns out, VCs don't hate music after all. Listen below or read them here.
Fred Wilson:
Thoughts on SoundCloud by fredwilson. Uploaded with SoundCloud Android
Mike Volpi:
Mike Volpi Audio Blog on Friday morning by mvolpi. Uploaded with SoundCloud
—
*Reports indicate that SoundCloud actually raised this money last year, but only made the announcement now, because they were busy building music apps.
