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mixcloud, the audio streaming platform for long-form content, raises $11.5m from wndrco – techcrunch

mixcloud, the audio streaming platform for long-form content, raises $11.5m from wndrco – techcrunch News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



mixcloud, the audio streaming platform for long-form content, raises $11.5m from wndrco – techcrunch

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.that mixcloud has raised a decent sized funding round isn’t surprising in itself. the music streaming site, which originally wanted to be something akin to ‘youtube for long-form audio’, has carved out a decent following as a place to house archived radio shows and dj mixes, and counts more than 1 milli...