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TuneIn: 1B Listeners in 2013

No Comments 3 June 2013

TuneIn: 1B Listeners in 2013

TuneIn, the leading service for listening to the world’s radio, announced that it raised a $25 million round of funding led by Institutional Venture Partners (IVP). TuneIn also announced that it surpassed one billion listening hours in the first four months of 2013, with more than 227 million listening sessions in the month of March alone, solidifying the company’s position as the world’s number-one service for listening to live, online radio.

“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.”

TuneIn surpassed one billion listening hours between January and April of 2013, reinforcing the company’s status as the top live, online radio service in the world, with well over 40 million monthly active listeners across 230 countries and territories. The company also announced that it had 227 million listening sessions of 60 seconds or longer in the month of March.

“TuneIn’s rapid growth, superior business model, and ubiquitous product make for a compelling investment,” noted Jules Maltz, General Partner at IVP, who will join the TuneIn board of directors. “John Donham is an exceptional leader with a vision to fundamentally transform the multi-billion dollar radio industry.”

TuneIn: http://tunein.com/

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