Music streaming service SoundCloud secured the funding as part of a $100m series E round it is raising at a $700m valuation.
Social media company Twitter has invested $70m in Germany-based music streaming platform SoundCloud through its Twitter Ventures unit, Recode reported yesterday.
Twitter made the investment as part of a series E round likely to reach $100m in size and which would value SoundCloud at $700m, the same valuation at which it closed a $60m series D in January 2014.
Founded in 2007, SoundCloud runs a music streaming service that as of July 2015 had 150 million registered users. It initially…
