SoundCloud Gets an Infusion of $169 Million and a CEO

Posted by at 12:06 pm on August 11, 2017

SoundCloud has its knight and some more cash to keep going!

The service today secured a fresh round of funding that keeps SoundCloud independent as a new executive team takes over.

The Raine Group along with the Singapore-based investment company Temasek, in leading a $169.5 million investment round to give the service some much-needed cash.

Former Vimeo CEO Kerry Trainor succeeds founder Alex Ljung as chief executive, and Michael Weissman, another former executive at the video platform, was named SoundCloud’s chief operating officer.

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