Online Radio Service TuneIn Raises $16M Funding Round, Hits 40M Monthly Active Listeners

(Before It's News)

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TuneIn, the popular online radio service, just announced that it has raised a $16 million funding round led by General Catalyst Partners. Other participants in this round include Jafco Ventures, Google Ventures and Sequoia Capital. Sequoia also participated in TuneIn’s $6 million funding round in 2010. TuneIn tells us that it plans to use this new funding “to scale the company’s technical and business operations worldwide.”

The company also today announced that it is growing rapidly and now has 40 million monthly active listeners. Just last month, TuneIn announced that it had grown 267% year-over-year, but at that time, it didn’t release exact listener numbers.

source: http://feedproxy.google.com/~r/Techcrunch/~3/Kskui-nn6S8/

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