|Headquarters Regions:||Berlin, Germany|
|Founded Date:||August 2007|
|Number of Employees:||1300+|
|Area served:||United States of America and world|
|Products of Company:||online audio distribution platform and music sharing website|
|Net Worth in 2023:||$900 million|
SoundCloud, as per the title, is all about music streaming. This online platform is from Berlin, Germany, and was brought up by Alexander Ljung and Eric Wahlforss in 2007, which dispenses audio and lets its users listen, upload, or share audio, among others. The other key members are Kerry Trainor, Artem Fishman, and Mike Weissman.
However, the site is exact in maintain professionalism among music artists. This online distribution feature has grown significantly over the years, and to date, they have around 175 Million monthly users across the world. Their primary focus has always been to give music artists a chance to bring in their art and lead them to enjoy what they deserve.
It offers features of both free and paid membership to its users along with the advantage of using it on their desktops or mobile phones.
Well, how well do you know about SoundCloud? If not much, we have compiled all you need to know about SoundCloud’s net worth in 2023, wiki and complete details. Well, if you’re all set, here is what we know about SoundCloud to date.
SoundCloud is a highly cherished and popular online audio distribution platform and music sharing website. The SoundCloud website has its deep roots in Berlin, Germany. This fantastic website was launched in 2006 by Eric Wahlforss (Swedish electronic musician) and Alexander Ljung (Swedish sound designer). SoundCloud’s outstanding efforts in the release of several kinds of audio and enabling users to upload their audio or podcast with people worldwide have raised the fame of the website to another level.
The pillars of the website are very talented and skilled personalities who have made the foundation of this great website very strong. It has developed and grown to be one of the most extensive music streaming services, which is used by up to 175 million users monthly around the globe. As of March 2019, the website has 76 million registered users, which has increased the popularity of this website.
SoundCloud’s website was designed by two talented people and was launched in the market in 2008. This website was intended to allow several musicians to associate by facilitating the discussion and sharing of recordings, but afterward, it got changed into a publishing feature for music distribution. According to the magazine entitled Wired, the great website, soon after its inception, started to challenge the dominance of Myspace as a platform for musicians.
In the year 2009, from the Doughty Hanson Technology Ventures, the website received Series A funding of almost €2.5 million. From its launch to May 2010, the website had gained 1 million users in just a short period due to its incredible tools. By January 2011, the website has raised $10 million Series B funding from Index Ventures and Union Square Ventures. The website reached 5 million registered users by June 2011.
In December 2012, the website released a new APN feature that improves mobile device support and has additional features like the ability to make personal collections, concurrent listening, and site navigation. The SoundCloud website collaborated with Twitter in March 2014 to develop its first integrated musical application.
On the 28th of September in 2016, Spotify’s musical app decided to acquire SoundCloud, but Spotify abandoned this plan in late 2016. The website has faced funding issues which led to the dismissal of several employees (173 out of 420) from London and San Francisco to remain profitable. The website. The website announced that the renowned CEO Alex Ljung would step down from his position, and CEO Kerry Trainor will be replacing him.
In 2019, the world’s largest music streaming website introduced artist distribution platform Repost Network which has influenced the success of many artists in the music industry as they have used this platform to launch their careers. It has also received support from several investors like Twitter.
In the following years, the website has worked immensely hard and released many audios in a podcast, stories, and many others. People worldwide highly appreciated this. The website’s journey is full of ups and downs, and the pillars of this insane website handled it maturely.
Awards & Achievements
Billie Eilish and XXXTentacion have earned a lot of awards for themselves. Apart from this, SoundCloud increased around $700 Million in brand value in past years. For any site, the most important achievement is its popularity. They have around 76 Million registered users, followed by 175 Million unique listeners per month, which they have earned in round-about a decade.
Net Worth & Earnings of SoundCloud in 2023
As of 2023, The largest music streaming websites have an estimated net worth of $900 Million. They were able to earn this significant amount of wealth by being one of the most heard music listening platforms. SiriusXM has recently supplied them a hefty balance of $75 Million for funds. They have managed to earn funds from other significant brands too.
SoundCloud is one of the most prestigious and most recognized music-sharing platforms headquartered in Germany (Berlin). They have played a significant role in the up-praise of many artists and in the musical globe, along with their rival companies Spotify, and Amazon Prime Music. This is one such platform that has led so many artists to be passionate about their work to showcase their talent through this, even if they are beginners and have no prior experience.
This has essentially influenced this industry by providing its kind gesture and service to its users or uploaders. Keeping all cons aside, the streaming platform has faced or is still facing funding issues for a long time. Because of this, they have unethically dismissed several employees to manage them in the range of profits.