SoundCloud

SoundCloud

Digital music streaming platform for creators

About

SoundCloud is a digital music streaming platform that allows users to listen to a vast library of over 265 million music tracks for free. It caters to a wide audience, including individual listeners, artists, bands, DJs, and audio creators. Users can access music through a free tier that includes ads or opt for premium subscriptions like SoundCloud Go and SoundCloud Go+, which provide ad-free listening, offline access, and higher audio quality. SoundCloud also offers a monetization program called SoundCloud Premier, enabling artists to earn money from their tracks through ad revenue and fan support. This combination of free and paid services, along with a strong focus on supporting content creators, sets SoundCloud apart from its competitors. The company's goal is to create a comprehensive music streaming service that benefits both music consumers and creators, while maintaining a large and diverse music library.

Company Stage

Series G

Employees

1,001-5,000

Industries

Consumer Software, Entertainment

Total Funding

$450.8M

Headquarters

Berlin, Germany

Founded

2007


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Simplify's Take

What believers are saying

  • Partnerships with AI companies enhance music creation and personalization features.
  • 'Fan-powered' Buzzing Playlists increase user engagement and spotlight emerging artists.
  • Merchandise program offers additional revenue streams for SoundCloud and its creators.

What critics are saying

  • AI partnerships may lead to intellectual property disputes over AI-generated content.
  • New algorithm could cause accusations of favoritism, alienating non-subscribers.
  • Potential sale preparation may lead to instability or strategic shifts misaligned with users.

What makes SoundCloud unique

  • SoundCloud offers a unique social sound platform connecting creators and fans globally.
  • It provides a vast library of over 265 million music tracks for diverse audiences.
  • SoundCloud's monetization program, SoundCloud Premier, supports artists with ad revenue and fan support.

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Growth & Insights
Headcount

6 month growth

10%

1 year growth

25%

2 year growth

48%

Benefits

Comprehensive health benefits including medical, dental, and vision plans, as well as mental health resources

Robust 401k program

Employee Stock Ownership Plan

Generous professional development allowance

Interested in a gym membership, photography course or book? We have a Creativity and Wellness benefit!

Flexible vacation and public holiday policy where you can take up to 35 days of PTO annually

16 paid weeks for all parents (birthing and non-birthing), regardless of gender, to welcome newborns, adopted and foster children

Various snacks, goodies, and 2 free lunches weekly when at the office

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