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	<title>The Next Web &#187; Union Square Ventures</title>
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		<title>SoundCloud announces big-name investment &#8211;  &#8220;The Web should not be mute&#8221;</title>
		<link>http://thenextweb.com/eu/2011/01/08/soundcloud-announces-big-name-investment-the-web-should-not-be-mute/</link>
		<comments>http://thenextweb.com/eu/2011/01/08/soundcloud-announces-big-name-investment-the-web-should-not-be-mute/#comments</comments>
		<pubDate>Sat, 08 Jan 2011 13:24:13 +0000</pubDate>
		<dc:creator>Martin Bryant</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[Insider]]></category>
		<category><![CDATA[Mike Volpi]]></category>
		<category><![CDATA[Union Square Ventures]]></category>

		<guid isPermaLink="false">http://thenextweb.com/eu/?p=4282</guid>
		<description><![CDATA[<img width="520" height="231" src="http://cdn.thenextweb.com/wp-content/blogs.dir/1/files/2011/01/image-by-akakumo-via-Flickr-Creative-Commons-550x245.jpg" alt="KONICA MINOLTA DIGITAL CAMERA" title="KONICA MINOLTA DIGITAL CAMERA" /><br />Audio sharing platform SoundCloud has received a huge boost today, confirming that it has received investment from major US tech VC firms Union Square Ventures and Index Ventures. The value of...]]></description>
			<content:encoded><![CDATA[<img width="520" height="231" src="http://cdn.thenextweb.com/wp-content/blogs.dir/1/files/2011/01/image-by-akakumo-via-Flickr-Creative-Commons-550x245.jpg" alt="image by akakumo via Flickr Creative Commons 550x245 SoundCloud announces big name investment    The Web should not be mute" title="image by akakumo via Flickr Creative Commons 550x245 photo"  /><br /><p><a href="http://cdn.thenextweb.com/files/2011/01/soundcloud_logo.gif"><img class="alignright size-medium wp-image-4283" title="soundcloud logo 260x149 photo" src="http://cdn.thenextweb.com/files/2011/01/soundcloud_logo-260x149.gif" alt="soundcloud logo 260x149 SoundCloud announces big name investment    The Web should not be mute" width="260" height="149" /></a>Audio sharing platform <a href="http://www.soundcloud.com">SoundCloud</a> has received a huge boost today, confirming that it has received investment from major US tech VC firms <a href="http://www.unionsquareventures.com/">Union Square Ventures</a> and <a href="http://www.indexventures.com/">Index Ventures</a>.</p>
<p>The value of the investment hasn&#8217;t been revealed but the deals see Union Square&#8217;s Fred Wilson and Index Ventures&#8217; Mike Volpi join the company&#8217;s board. In a <a href="http://blog.soundcloud.com/2011/01/08/meet-fred-wilson-and-mike-volpi/">blog post</a>, just published, the two companies speak out about the reasons behind the funding.</p>
<p>Fred Wilson of Union Square, whose portfolio includes Twitter, Foursquare and Zynga among other well-know web tech names, says &#8220;The web should not be mute. It largely is today. That must change&#8230;. Audio is the one media type that doesn’t have an obvious platform for posting and sharing&#8230; I’ve been looking for that platform for years. And I think I’ve found it at SoundCloud.com.&#8221;</p>
<p>That well-respected names Wilson and Volpi are joining SoundCloud&#8217;s team is significant for the Berlin-based company, which initially targeted itself at musicians but is now expanding to aim at a wider audience. Having influential American figures working with them will help the company expand into the US. Soundcloud explains &#8220;(The investment) will allow us to grow faster, be more present in the US and build a lot more nice things for you&#8221;.</p>
<p>SoundCloud explains that the investment actually took place last year but that it was &#8220;too busy building new awesome apps at the time&#8221; to announce it. SoundCloud recently launched iPhone and <a href="http://thenextweb.com/apps/2010/12/21/soundcloud-lands-on-android-to-instantly-record-and-share-your-audio/">Android</a> apps, as well as a desktop app for OSX, which launched at the same time as the Mac App Store.</p>
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