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TuneIn Raises $25M to Stream Radio Tunes

May 29, 2013 |
PALO ALTO, Calif. -- TuneIn, the leading service for listening to the world’s radio, today announced that it raised a $25 million round of funding led by Institutional Venture Partners (IVP), with participation from existing investors Sequoia Capital, Google Ventures and General Catalyst Partners. TuneIn also announced that it surpassed one billion listening hours in the first four months of 2013, with more than 227 million listening sessions in the month of March alone, solidifying the company’s position as the world’s number-one service for listening to live, online radio.

“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 surpassed one billion listening hours between January and April of 2013, reinforcing the company’s status as the top live, online radio service in the world, with well over 40 million monthly active listeners across 230 countries and territories. The company also announced that it had 227 million listening sessions of 60 seconds or longer in the month of March.

Institutional Venture Partners



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