At this time, SoundCloud was reported to be "reaching 180 million people per month", with 10 hours of content being uploaded per minute. The response from users was mixed, and many expressed dissatisfaction with the change. Ī new APN was released in December 2012 which improved mobile device support and added features such as concurrent listening and site navigation, and the ability to create personal collections. In May 2012, it was announced that SoundCloud had 15 million users, and site usage was increasing by 1.5 million users per month. On 15 June 2011, SoundCloud reported five million registered users and investments from Ashton Kutcher and Guy Oseary's A-Grade Fund, and on 23 January 2012, it reported 10 million registered users.
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In January 2011, it was reported that SoundCloud had raised US$10 million Series B funding from Union Square Ventures and Index Ventures.
In May 2010, SoundCloud announced it had one million users. In April 2009, SoundCloud received €2.5 million Series A funding from Doughty Hanson Technology Ventures. According to Wired magazine, soon after its inception, SoundCloud began to challenge the dominance of Myspace as a platform for musicians to distribute their music. It was originally intended to allow musicians to collaborate by facilitating the sharing and discussion of recordings, but later transformed into a publishing tool for music distribution. SoundCloud was established in Berlin in August 2007 by Swedish sound designer Alexander Ljung and Swedish electronic musician Eric Wahlforss, and the website was launched in October 2008. SoundCloud has received support from many investors and other media platforms such as Twitter. SoundCloud has influenced the music industry through the success of many artists who have used the service to launch or advance their careers, like Billie Eilish, Juice Wrld, Kehlani, Chance the Rapper, Marshmello, Post Malone, Lorde, Khalid, Kali Uchis, Lil Uzi Vert, Rico Nasty, Lil Tecca, Saweetie, Suicideboys, Alina Baraz, Lewis Capaldi, Towkio, Louis the Child, Lil Yachty, Doja Cat, Megan Thee Stallion, Lotic, Violet, Peggy Gou, DaBaby, NLE Choppa, Bad Bunny, Roddy Ricch, Rod Wave, and Chika.
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SoundCloud offers both free and paid memberships on the platform, available for mobile, desktop and Xbox devices. Artist-wise, there are over 30 million creators in 190 countries, with over 265 million tracks uploaded to the platform, as of March 2021. Audience-wise, there are over 76 million active monthly users, with over 175 million global users that SoundCloud reaches, as of November 2021. Launched in 2008, SoundCloud has grown to become the world's open audio platform. SoundCloud enables its users to upload, promote, and share audio, as well as a digital signal processor enabling listeners to stream audio. SoundCloud is an online audio distribution platform and music sharing website based in Berlin, Germany that was founded in 2007 by Alexander Ljung and Eric Wahlforss. +76 million users monthly (November 2021) Alexander Ljung ( Chairman and Co-Founder)