GERMANY - Doughty backs SoundCloud with EUR 2.5m

Founded in 2007 and based in Berlin, SoundCloud provides a platform for music professionals to privately exchange studio-quality tracks easily, allowing for collaboration and communication prior to public release. The company launched its service in October 2008 and since then has attracted more than 100,000 registered users.

Prior to this funding round, the company has raised seed financing from business angels including music producer Chris Zippel, internet entrepreneurs Christophe Maire, Peter Schüpbach, Tariq Krim and Felix Petersen, and the founders of music production software company Ableton AG.

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• Topics
• Early-stage
• DACH
• Technology