TuneIn Radio raises $25m funding to expand
The radio app and website service TuneIn has raised $25 million in funding to help it reach its goal of dominating radio listening.
Google Ventures are one of the new investors, signing up just as the service surpasses one billion listening hours in the first four months of 2013, with more than 227 million listening sessions in the month of March alone.
“This investment gives us the capital to accelerate the development of new technologies and support our ongoing expansion,” said John Donham, CEO of TuneIn. “We will use this funding to leverage our momentum, with a particular focus on growing ad revenues for our broadcast partners.”
This announcement comes on the heels of TuneIn Live, a major platform redesign that provides a personalised way to find relevant radio stations, songs and live events from all over the world. Since its launch in March 2013, TuneIn Live has spurred a large uptick in listener engagement.
Registering your station on TuneIn is free only usually takes a couple of days to be approved.