16 Aug

SoundCloud is Saved!

Not sure about you but I listen to SoundCloud a lot.  Mostly for those hard to find funky deep house mixes.  I knew they were in trouble but almost being shut down is rough.  Well don’t you fret, they just received $169.5 million in emergency funding and the Co-founder Alex Ljung will step down as CEO.

Ljung said “Recently you heard me say SoundCloud isn’t going anywhere. And today I’m here to tell you the exact same thing once again. I’m happy to announce that together with investors The Raine Group and Temasek we’ve just wrapped up the largest financing round in the history of SoundCloud. This financing means SoundCloud remains strong, independent and here to stay. As I said, we’re not going anywhere.”

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