Funding round
SoundCloud Series F
SoundCloud, which works in music streaming and download services in Berlin, raised $170M in a Series F round announced on 11 Aug 2017, led by Temasek and The Raine Group. 5 firms took part, 3 of them already investors. It is SoundCloud's sixth venture round on record; the one before was a Series E in Jun 2016.
$170M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
SoundCloud did not disclose a valuation in this round; its last disclosed one was $700M at the Series E (Jun 2016). It came 14 months after SoundCloud's Series E. It is 15% of the $1.14B SoundCloud has raised in the venture rounds on record. No later venture round is on record for SoundCloud.
SoundCloud's funding rounds
SoundCloud has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
Temasek and The Raine Group led the round with 3 other firms. Union Square Ventures, Doughty Hanson and Atlantic Technology had backed SoundCloud before.
Lead investors
- Temasek backs 195 venture-backed companies new investor
- backs 50 venture-backed companies new investor
Also in the round
- Union Square Ventures backs 171 venture-backed companies existing investor
- Doughty Hanson existing investor
- Atlantic Technology existing investor
Joined the board: Fred Davis (The Raine Group), Joe Puthenveetil (The Raine Group) and Kerry Trainor.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Online Marketplace | 17 Aug 2017 | $1.10B | not disclosed | Alibaba |
| Tech Companies | 1 Sep 2017 | $20M | not disclosed | not named |
| Tech Companies | 11 Sep 2017 | $18M | not disclosed | Madison Bay Capital Partners |
| AUTO1.com Automobile Dealers & Manufacturers | 14 Jan 2018 | $560M | $2.00B | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did SoundCloud raise in its Series F round?
SoundCloud raised $170M in its Series F round, announced in Aug 2017.
Who led SoundCloud's Series F round?
Temasek and The Raine Group led it, with Union Square Ventures, Doughty Hanson and Atlantic Technology.
What was SoundCloud's valuation at the Series F round?
It was not disclosed; its last disclosed one was $700M at the Series E (Jun 2016).