TuneIn, a Palo Alto, CA-based service for listening to the world’s radio, raised $25m in funding.
The round was led by Institutional Venture Partners (IVP), with participation from existing investors Sequoia Capital, Google Ventures and General Catalyst Partners. In conjunction with the funding, Jules Maltz, General Partner at IVP, will join TuneIn’s board of directors.
The company intends to use the funds to accelerate the development of new technologies, build its internal capabilities, including strategic, senior hires.
Led by John Donham, CEO, TuneIn allows people to listen to music, sports, talk, and news radio, with more than 70,000 AM, FM, HD, and Internet radio stations streaming from every continent, available across 200 connected devices.
The company redesigned TuneIn Live in March 2013.
FinSMEs
29/05/2013