Funding round
SoundCloud Series C
SoundCloud, which works in music streaming and download services in Berlin, raised $50M in a Series C round announced on 1 Jan 2012, led by Kleiner Perkins. 6 firms took part. It is SoundCloud's second venture round on record; the one before was a Series A in Apr 2009.
$50M
Amount raised
Not disclosed
Post-money valuation
$200M pre-money
6
Investors
1 lead
Valuation
What this round says about the price
SoundCloud did not disclose a valuation in this round. It came 33 months after SoundCloud's Series A. It is 4.4% of the $1.14B SoundCloud has raised in the venture rounds on record. SoundCloud raised again 24 months later: a Series D round of $700M in Jan 2014. Its next priced round, a Growth in Dec 2014, valued it at $1.20B.
SoundCloud's funding rounds
SoundCloud has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
Kleiner Perkins led the round with 5 other firms.
Lead investor
- Kleiner Perkins backs 285 venture-backed companies new investor
Also in the round
- GGV Capital new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- BOND backs 91 venture-backed companies new investor
- Catapult Capital new investor
- RRE Ventures new investor
Joined the board: Mary Meeker (Kleiner Perkins Caufield & Byers).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Media Companies, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Media Companies | 19 May 2011 | $8.0M | not disclosed | New Enterprise Associates and JAFCO |
| Tech Companies | 17 Jan 2012 | $20M | not disclosed | Kleiner Perkins |
| Tech Companies | 23 Jan 2012 | $15M | not disclosed | Baseline Ventures |
| Kiteworks Tech Companies | 4 Jan 2012 | $12M | not disclosed | not named |
| Tech Companies | 26 Jan 2012 | $3.0M | not disclosed | not named |
| Tech Companies | 5 Dec 2011 | $34M | not disclosed | Andreessen Horowitz |
| Tech Companies | 2 Feb 2012 | $11M | not disclosed | PJC |
| Device Manufacturing | 1 Dec 2011 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did SoundCloud raise in its Series C round?
SoundCloud raised $50M in its Series C round, announced in Jan 2012.
Who led SoundCloud's Series C round?
Kleiner Perkins led it, with GGV Capital, Andreessen Horowitz, BOND, Catapult Capital and RRE Ventures.
What was SoundCloud's valuation at the Series C round?
It was not disclosed.
Did SoundCloud raise again after this round?
Yes: a Series D round in Jan 2014 of $700M.