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Kleiner Perkins Invests In SoundCloud

By TechTaffy Desk

 

Techtaffy Newsdesk

SoundCloud, an online audio platform for music professionals, has raised an undisclosed amount in a fundraising round led by Kleiner Perkins Caufield & Byers (KPCB). GGV Capital also participated. The investment will allow SoundCloud to continue to expand more rapidly, says the company.

Mary Meeker, partner at Kleiner Perkins Caufield & Byers, will take a board observer seat at the company. Currently, Ms. Meeker serves on the board of Square and is actively involved in KPCB’s investments in in Groupon, Legalzoom, Waze, 360buy.com, Spotify, Jawbone, One King’s Lane and Trendyol.

SoundCloud’s earlier funding came from B-Round investors Union Square Ventures and Index Ventures, and A-Round investor Doughty Hanson Technology Ventures.

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