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  • SoundCloud Statement

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    Samantha Grasso
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    SoundCloud filed its 2014 financial statements with the UK Companies House. While the full 2014 figures show a company in strong growth, in 2015 SoundCloud secured $77 million in additional capital from both existing investors and a flexible credit line from Tennenbaum Capital Partners. SoundCloud has over 18 million creators sharing more than 110 million tracks and reaching 175 million monthly active listeners, making it a unique platform for discovering music and audio. Recently, SoundCloud was ranked the 8th most popular app among millennials by comScore. Over the past year, SoundCloud continued partnering with music industry players by signing deals with PRS, UMG/UMPG, and nearly 200 other organizations, as it focuses on enabling creator payments and building

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    Statement regarding SoundCloud's 2016 funding

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    SoundCloud filed its 2014 financial statements with the UK Companies House. While the full 2014 figures show a company in strong growth, in 2015 SoundCloud secured $77 million in additional capital from both existing investors and a flexible credit line from Tennenbaum Capital Partners. SoundCloud has over 18 million creators sharing more than 110 million tracks and reaching 175 million monthly active listeners, making it a unique platform for discovering music and audio. Recently, SoundCloud was ranked the 8th most popular app among millennials by comScore. Over the past year, SoundCloud continued partnering with music industry players by signing deals with PRS, UMG/UMPG, and nearly 200 other organizations, as it focuses on enabling creator payments and building

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    231 views1 page

    SoundCloud Statement

    Uploaded by

    Samantha Grasso
    SoundCloud filed its 2014 financial statements with the UK Companies House. While the full 2014 figures show a company in strong growth, in 2015 SoundCloud secured $77 million in additional capital from both existing investors and a flexible credit line from Tennenbaum Capital Partners. SoundCloud has over 18 million creators sharing more than 110 million tracks and reaching 175 million monthly active listeners, making it a unique platform for discovering music and audio. Recently, SoundCloud was ranked the 8th most popular app among millennials by comScore. Over the past year, SoundCloud continued partnering with music industry players by signing deals with PRS, UMG/UMPG, and nearly 200 other organizations, as it focuses on enabling creator payments and building

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    SamanthaJ.

    Grasso

    DailyDotMediapressinquiryregarding2016funding
    ShannonOFlaherty<Shannon@
    To:"SamanthaJ.Grasso"<sgrasso@dailydot.com>

    Thu,Feb11,2016at2:46PM

    HiSamantha,
    Thanksforreachingout.Pleasefindourstatementbelow,attributabletoSoundCloudor"aSoundCloud
    spokesperson."
    SoundCloudfiledits2014accountswithCompaniesHouse.Beyondthefullyearfinancialsfor2014,whichreflect
    thoseofacompanyinastronggrowthstage,theyshowthat,in2015,wesecured$77mofincrementalcapital,
    someofwhichcamefromourexistinginvestors,demonstratingtheirbeliefinthefutureofthecompany,andthe
    restofwhichisaflexiblecreditlinefromTennenbaumCapitalPartners,anattractiveoptionforcompanieslike
    SoundCloud,whohaveasolidcreditratingandareonaclearpathtoglobalsuccess.
    Sincewebegan,wevebeenbuildingacompletelyuniqueplatform.SoundClouduserscandiscovermore
    creators,atallstagesoftheircareers,thananywhereelse,andmoremusicandaudio:over18millioncreators
    areusingtheplatform,sharingwellover110milliontracks,andreaching175millionmonthlyactivelisteners.
    Additionally,comScorerecentlylistedSoundCloudasbeingthe8thmostpopularappamongmillennialsbasedon
    usageintheUS.
    Overthepastyear,wevecontinuedtobringpartnersfromthemusicindustryontoSoundCloud.Wevesigned
    dealswithPRSandUMG/UMPG,toaddtothenearly200dealswevealreadysigned,includingthosewith
    WarnerMusic,MerlinandNMPA,aswellasMCNsandindependentcreators.Werefocussingonenabling
    creatorstogetpaidfortheircreativity,andonbuildingafinanciallysustainableplatformthatourcommunitycan
    enjoyforyearstocome.

    ShannonO'Flaherty

    From:"SamanthaJ.Grasso"<sgrasso@dailydot.com>
    Date:Thursday,February11,2016at12:37PM
    To:"media@soundcloud.com"<media@soundcloud.com>
    Subject:DailyDotMediapressinquiryregarding2016funding
    [Quotedtexthidden]

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