Soundcloud confirms new $70M credit line after failing to close $100M round

Soundcloud — the popular, but unprofitable platform that lets creators post and share music and other audio files — may have been unsuccessful (so far) in closing a new $100 million round of funding, but it’s not running out of money soon. The company has closed a $70 million round of debt funding from three new investors — Ares Capital, Kreos Capital, and Davidson… Read More

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http://tro9.com/soundcloud-confirms-new-70m-credit-line-after-failing-to-close-100m-round.html

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