8-6-2012
TuneIn has raised $16 million in a round of funding, led by General Catalyst Partners, with participation from Jafco Ventures, Google Ventures and existing business partner Sequoia Capital. The company will use the new funding to scale the company's technical and business operations. TuneIn also announced is has reached 40 million monthly active listeners, a 267 percent increase in its mobile listener base over the past 12 months.
TuneIn says it now has 70,000 stations and two million on-demand programs. TuneIn CEO John Donham. "Our mission is to deliver the best listening experience possible, and it is so meaningful to us that 40 million people have chosen to listen to the world -- every month -- through TuneIn. This investment will help us fulfill our mission while increasing our headcount and growing our product development and marketing initiatives."
