TuneIn hits 40M listeners, raises $16M


Global streaming destination TuneIn has hit 40 million monthly active listeners and closed $16 million in funding. The new round of funding was led by General Catalyst Partners, with participation from Jafco Ventures, Google Ventures and existing business partner Sequoia Capital.

In the last few months alone, TuneIn has expanded significantly – forming pivotal alliances with major broadcasting companies such as Cox, Emmis, Entercom and CBS Radio Network as well as popular podcasters including Adam Carolla, sports organizations such as the New England Patriots, and live music festivals like Outside Lands driving exponential growth.

CEO John Donham tells RBR-TVBR how they will use the investment and what’s next for TuneIn: “First and foremost, we’ll use this money to enhance on our listener experience.  Specifically, we’ll be using it for a couple of different things: to increase our headcount, especially internationally, for product development and for marketing. Right now, we are obsessively focused on bringing our listeners the best experience and programming from anywhere. We’re looking at more live events and continuing to expand our 200 plus distribution platforms, in particular connected car dashboards.”

“As we’ve seen with the television, movie and book markets, the digital radio space is headed into a period of disruptive change,” said Hemat Taneja, Managing Director at General Catalyst Partners. “The open-platform approach demonstrated by TuneIn uniquely positions the company to take advantage of this enormous market opportunity.”

“Internet listeners now represent over 30% of the radio audience,” added Bryan Schreier, General Partner, Sequoia Capital. “TuneIn has distinguished itself as both the premier partner to the industry and the leading service to listeners. They make radio better every day.”

TuneIn is widely accessible on more than 200 devices, and available practically anywhere with an Internet signal, including all major smartphones and tablets, smart TVs and radios, car dashboards and on the web at tunein.com.

Here’s the full list of TuneIn partnerships: