SoundCloud Raised A Round Of $60 Million/$700Million Evaluation

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SoundCloud Raised A Round Of $60 Million/$700Million Evaluation

Soundcloud is a startup that provides an online cloud music uploading and playing platform for music artist and entertainers. Just today, the startup took funding to another level. Soundcloud received seed D funding led by Institutional Ventures for a round of $60 million. The startup was evaluated at $700 million.

Soundcloud have been apart of many people’s daily life. Famous DJs, producers, musician post on soundcloud daily. Soundcloud says that their goal is to be become the biggest online audio media in the world. Currently, they have locations in Germany, San Francisco, New york, and with the new funding they are looking to expand into other countries as well.

soundcloud startup

Many up-and-coming electronic music artists use g SoundCloud to release mixtapes and share them around the web. Well-known musicians also release singles or live recordings on the platform to share them with their fans on Twitter or Facebook. In other words, SoundCloud is the perfect place to transform a music file into a URL and embeddable music player.

Same with other startups, the big question that comes to play is, how will the company generate revenue? Even though, most of Soundcloud’s features are free, they also offer premium membership for their members. Members have the option to choose Pro or Pro Unlimited. Below are the features compared for both.

soundcloud startup

Pro
- 4 total upload hours (please note: this does not add an additional 4 hours to your account, but gives you 4 hours total)
- 1,000 downloads/sound
- Unlimited playlist creation
- More stats (count plays, downloads, comments and likes, plus get details on who’s listening)
- Spotlight feature (highlight up to 5 sounds or playlists at the top of your profile)
- Quiet Mode feature (hide comments and stats on your tracks & make comments private)

Pro Unlimited
- Unlimited upload hours*
- Unlimited downloads
- Unlimited playlist creation
- Pro stats (see where your listeners are, and where your sounds are being embedded, linked to and posted around the web)
- Spotlight feature (highlight up to 5 sounds or playlists at the top of your profile)
- Quiet Mode feature (hide comments and stats on your tracks & make comments private)
- Pro support (prioritized customer support help)

Soundcloud’s CEO mentioned that he is still unsure about any future release, but he claims that the startup is focus on growth and the possibility of creating a radio feature like Spoitfy and Pandora.

Interview with CEO

 

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