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

source https://techcrunch.com/2017/03/23/soundcloud-confirms-new-70m-credit-line-after-failing-to-close-100m-round/?ncid=rss