The company announced today that it raised $16 million in a round of funding, led by General Catalyst Partners, with participation from Jafco Ventures, Google Ventures and existing business partner Sequoia Capital. TuneIn will use the new funding to scale the company's technical and business operations worldwide.
"Our mission is to deliver the best listening experience possible, and it is so meaningful to us that 40 million people have chosen to listen to the world -- every month -- through TuneIn," said John Donham, Chief Executive Officer, TuneIn. "This investment will help us fulfill our mission while increasing our headcount and growing our product development and marketing initiatives."
Throughout the year, TuneIn has formed pivotal alliances with major broadcasters, such as CBS Radio Network, NPR and Entercom, furthering the company's goal of making all the world's audio readily available to everyone. Beyond radio groups, TuneIn has aligned with popular podcasters including Adam Carolla, sports organizations such as the New England Patriots, and live music festivals like Outside Lands.
"Internet listeners now represent over 30% of the radio audience," added Bryan Schreier, General Partner, Sequoia Capital. "TuneIn has distinguished itself as both the premier partner to the industry and the leading service to listeners. They make radio better every day."
TuneIn is widely accessible on more than 200 devices, and available practically anywhere with an Internet signal, including all major smartphones and tablets, smart TVs and radios, car dashboards and on the web at tunein.com.
You can purchase TuneIn Radio Pro from the App Store for $0.99. A free version is also available.