SoundCloud has its knight and some more cash to keep going!
The service today secured a fresh round of funding that keeps SoundCloud independent as a new executive team takes over.
The Raine Group along with the Singapore-based investment company Temasek, in leading a $169.5 million investment round to give the service some much-needed cash.
Former Vimeo CEO Kerry Trainor succeeds founder Alex Ljung as chief executive, and Michael Weissman, another former executive at the video platform, was named SoundCloud’s chief operating officer.
