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March 23, 2017 04:45 pm GMT
Soundcloud — the popular, but unprofitable platform that lets creatorspost and share music and other audio files — may have been unsuccessful (so far) in closing a new $100 million round of funding, but it’s not running out of money soon. The company has secureda $70 million round of debt funding from three new investors — Ares Capital, Kreos Capital, and… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1PaYDZRlBvs/
Soundcloud confirms new $70M credit line after failing to close $100M round
Soundcloud — the popular, but unprofitable platform that lets creatorspost and share music and other audio files — may have been unsuccessful (so far) in closing a new $100 million round of funding, but it’s not running out of money soon. The company has secureda $70 million round of debt funding from three new investors — Ares Capital, Kreos Capital, and… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/1PaYDZRlBvs/
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