Mixcloud, the audio streaming platform for long-form content, raises $11.5M from WndrCo

Apr 17, 2018 · techcrunch.com

Mixcloudteam2018

Mixcloud, the London startup that offers an audio streaming platform designed for long-form content, has closed its first-ever funding round, TechCrunch has learned. According to a regulatory filing and since confirmed by co-founder Nico Perez, the ten-year old company has raised approximately $11.5 million led by WndrCo, the media and technology holding company based in Los Angeles and San Francisco.

As part of the investment, WndrCo partners Ann Daly (former president of DreamWorks Animation) and Anthony Saleh (an investor and artist manager of hiphop stars Nas and Future) have joined the Mixcloud board. The injection of capital will be used to scale the service globally and for product development, says the company.

This will include doubling down on the U.S., hence Mixcloud’s new backers, and growing the company’s 22-person team, both in London and New York (where Perez is now based). On the product side, I understand the plan is to "diversify the platform," which would appear to point to a recent licensing deal with Warner and new paid Mixcloud consumer offerings, making the company less reliant on display advertising and other types of brand sponsorship alone.

Read Complete Article

RT @iLondoncalling: London is a RetailTech leader and @metail are a great success story https://t.co/uSefIBuXkj

I know businesses need clarity to prepare for Brexit, so we’ve put together a resource hub to help. https://t.co/muOfccbyFK

#TechX365: If the UK tech industry is so good at getting a #tech business to $1 billion, what's stopping it from gr… https://t.co/QmXv7kVeO2

Juliet Samuel: This Brexit deal isn't a disaster, but only if Mrs May resigns https://t.co/mEgdDm0WAE

You can build a Hackintosh for cheaper than a Mac mini, but it's so not the same https://t.co/wzx1QHsOeC by @DavidGewirtz