SoundCloud, a Berlin based audio platform, has witnessed a customer base of three million registered users. Initially, the main focus of SoundCloud was music makers, but now, it is extensively used by general users.
In last May, it had one million users. This reversal in direction seems to be advantageous, but it had not negatively impacted the growth of Company. This growth does not appear to be balanced, because this figure constitutes registered users only and not active users.
In last 100 days, it added one million users. Alexander Ljung, founder and CEO of SoundCloud, considered this growth as rapid growth. He assured that startup is heading in the right direction. In 2009, Doughty Hanson Ventures invested 2.3 million Euros in it. Index Ventures and
Union Square Ventures are its two new investors. But this funding has not yet been officially disclosed by SoundCloud. It is competing with Cinch and Audioboo, showing its best abilities.
SoundCloud earned good publicity, when the band R.E.M, remixed version of tracks from their upcoming album Collapse and use SoundCloud as a medium to upload and share their music. It attracted a lot of users towards it.
In order to serve its American users base in better way, SoundCloud launched a presence in San Francisco. It did so by joining hands with US technology Companies that it found to be interesting in using its APL.
