TuneIn closes $16M round, mobile listeners up 267% year-over-year
Streaming music, news and sports service TuneIn has closed a $16 million funding round led by General Catalyst Partners. Jafco Ventures, Google (NASDAQ:GOOG) Ventures and existing partner Sequoia Capital also participated.
TuneIn offers access to more than 70,000 FM, AM, HD and Internet stations, touting roughly 2 million on-demand programs from content partners including CBS Radio Network, NPR and Entercom. The company has also teamed with podcasters like comedian Adam Corolla, pro sports franchises including the New England Patriots and live music festivals like Outside Lands.
The TuneIn service is now available across more than 200 connected devices and now reaches a monthly active audience in excess of 40 million. TuneIn adds that its mobile listener base has grown 267 percent over the last 12 months. Earlier this year, T-Mobile USA added the TuneIn app for Android to its T-Mobile Mall Music Hub.
TuneIn said it will leverage the new funding to expand its technical and business operations to the international market.
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T-Mobile USA adds TuneIn radio app for Android
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The future of the music industry is mobile