TuneIn Raises $25 Million of Series A Funding
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Palo Alto, California – TuneIn, an online radio with over 70,000 radio stations and over two million on-demand programs has raised $25 million of series A funding led by Institutional Venture Partners and backed by existing investors Sequoia Capital, Google Ventures and General Catalyst Partners.
“This investment gives us the capital to accelerate the development of new technologies and support our ongoing expansion,” said John Donham, CEO of TuneIn. “We will use this funding to leverage our momentum, with a particular focus on growing ad revenues for our broadcast partners.”
TuneIn just released an iPhone app for their services. The leading online radio is now available in both Android and iOS devices.
Funding Total: $25,000,000
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|Investors: Institutional Venture Partners, Google Ventures, Sequoia Capital, General Catalyst Partners|