SoundCloud Made The Big Dream A Reality
SoundCloud, a music and audio sharing service for artists, has been gaining momentum and rapidly growing their user base since the launch of the service last October. They have gone from 20,000 users to 100,000 users in a matter of six months.
Not only have they grown fast, they also just raised €2.5 million (roughly $3.3 million) in about 4 months. When we met SoundCloud at Le Web last December they were just starting to talk to VCs. Just last Thursday they signed the papers for the €2.5 million, which should give them a run way of roughly two years.
It also seems that SoundCloud is all the rage at The Next Web Conference and one of the hottest startups present based on the number of interviews co-founder Alex Ljung is doing. I talked to Alex at the venue about SoundCloud and the experience so far. He told me about the process of raising venture capital in the current economy, what they want to do with the money and how it all got started with SoundCloud sometime in 2006 in Stockholm, Sweden.
