DESPERATE SOUNDCLOUD GOT LUCKY INVESTORS – wangejiuza hivihivi
Short words of appreciation from Soundcloud rep. after the company secured $70 Mil credit. The company had financial difficulties and was looking to either sell or invest deal. Wana bahati sana.
“We are pleased to have secured a flexible $70 million credit line from Ares Capital, Kreos Capital and Davidson Technology that is ideally structured for a company with our strong credit rating and in our stage of growth. This new funding will enable SoundCloud to strategically grow our technology and personnel resources to fuel our expected 2.5 times year-over-year growth in 2017, while building a financially sustainable platform on which our connected community of creators, listeners and curators can thrive for years to come.”