TuneIn Raises $16m in Funding, Announces 40m Monthly Active Listeners

POST

MAIL

Posted August 6, 2012 at 4:53pm by iClarified

TuneIn, a popular iOS app that lets you listen to over 70,000 radio stations and 2 million on demand programs, has reached 40 million active monthly users.

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.

TuneIn Raises $16m in Funding, Announces 40m Monthly Active Listeners

Follow iClarified

Krzysiu - August 14, 2012 at 8:32pm

sorry tvtech1 is off just a llitte bit.LED LCD tv's are not OLED tv's.there is only one in the consumer market, sony makes it and it is only 11 inches, larger models are expected probably in 5 yearsthis is the only difference between a regular LCD and a LED LCDall LCD tv's prior would use a white fluorescent lamp for the backlight. the problem is there is one lamp and it has to be on all the time. the tv uses filters to create blacks and shades of whites and blacks. since the light is always on, this is why LCD tv's have a lower contrast ratio. it is very difficult to filter completely and depending on the quality of the filters, colors can blend and mash together.on the new LED LCD tv'sinstead of the white lamp backlight, there is a sheet of thousands of LED's behind the front screen which provides the backlight for the tv. since the tv can control each LED(there are red, blue, and green LED's) it can turn them on and off in sections which causes the higher contrast levels and more accurate colors over a regular LCD tv.the LED LCD's are getting on par with plasma tv's in regards to the contrast and color accuracythe only concern in the market right now is that LED's burn out inconsistently and since the tech is fairly new, it is unknown when this will start to happen, which will cause issues with the overall picture. will it happen in 3, 5, 7, 10 years. manufactures do not know at this time

Reply · Like

Tk. - August 6, 2012 at 7:51pm

You still don't get it do you...go read again and eventually you'll get the meaning of this sentence.

joyz - August 6, 2012 at 5:03pm

Internet users make up 30%... How else can you use this app without internet? Shouldn't it be more like 100%...?

Francis - August 14, 2012 at 11:28pm

.Sources also said Parvathi Ammal felt that it was better to spend her life at Sri Lanka raethr than in Tamil Nadu and so she reached Valvettithurai in Jaffna, to spend the rest of her life.She is very weak due to her poor physical condition and an angiogram surgery needs to performed on her as she suffers from a block in her heart, the sources further disclosed.This apart, the eight-month war had also affected her mind and so she had wanted a peaceful stay for the rest of her life in Tamil Nadu.Since her wish had shattered, Parvathi Ammal has decided to fly to Sri Lanka, the source added.