Jan 3, 2012

Investors provide $50 mil for SoundCloud expansion

SoundCloud, a web start-up that combines audio production with social networking, raised $50 million in new venture capital, according to TechCrunch. Investors including Kleiner Perkins Caulfield & Byers and GGV Capital of Menlo Park, Calif., are backing a ramped-up expansion in the United States for the Berlin-based company.

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