SoundCloud

SoundCloud

Social sound platform where anyone can create and share sounds. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD682m (Public information from Feb 2020)
Company register number HRB 110657 B (Charlottenburg (Berlin))
Berlin Germany (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2008200920222023
EBITDA--(29.0m)2.0m
Profit(<1m)(<1m)--
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DateInvestorsAmountRound
-

N/A

-

€2.5m

Series A

$10.0m

Series B

$50.0m

Series C

$60.0m

Valuation: $700m

Series D
*

€32.0m

Debt
N/A

N/A

Late VC
*

€87.0m

Series E
*

€63.7m

Debt

$170m

Valuation: $500m

Series F

$75.0m

Valuation: $500m

Series G
Total FundingCAD632m

Recent News about SoundCloud

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More about SoundCloudinfo icon
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SoundCloud is a digital music streaming platform that allows users to stream and listen to music online for free. It boasts a vast library of over 265 million music tracks, making it one of the largest music repositories available on the internet. SoundCloud serves a diverse range of clients, including individual listeners, artists, bands, DJs, and audio creators. This platform operates in the online music streaming market, which is a highly competitive and rapidly growing sector.

SoundCloud's business model is multifaceted. It offers a free tier that allows users to stream music with ads, generating revenue through advertising. Additionally, it provides premium subscription plans, such as SoundCloud Go and SoundCloud Go+, which offer ad-free listening, offline access, and higher audio quality. These subscriptions contribute to the company's revenue through monthly or yearly fees paid by users.

Moreover, SoundCloud has a monetization program for artists called SoundCloud Premier, which enables creators to earn money from their tracks through ad revenue and fan support. This program helps attract and retain a large community of content creators, further enriching the platform's music library.

In summary, SoundCloud is a comprehensive music streaming service that caters to both music consumers and creators. It generates revenue through advertising, premium subscriptions, and its artist monetization program. The platform's extensive music library and large user base position it as a significant player in the online music streaming market.

Keywords: music streaming, online platform, free listening, premium subscriptions, advertising revenue, artist monetization, audio creators, music tracks, SoundCloud Go, SoundCloud Premier.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by SoundCloud

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Instinctiv
ACQUISITION by SoundCloud May 2012
Repostnetwork
ACQUISITION by SoundCloud May 2019
Musiio
ACQUISITION by SoundCloud May 2022