Online Radio Company TuneIn Raises $50 Million to Expand Programming
Online radio company TuneIn has raised $50 million in new capital to pay for original programming including podcasts and music shows, as well as pay for rights to broadcast live sporting events, says Bloomberg. Lead investors in this funding round were venture capital firms Comcast Ventures, IVP (Institutional Venture Partners) and Marker LLC. Additional investors include Causeway Media Partners, Expanding Capital, General Catalyst and Sequoia Capital, according to Crunchbase. To date, TuneIn has raised a total of $140 million.
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