In May 2012, it was announced that SoundCloud had 15 million users, and site usage was increasing by 1.5 million users per month. On 15 June 2011, SoundCloud reported five million registered users and investments from Ashton Kutcher and Guy Oseary's A-Grade Fund, and on 23 January 2012, it reported 10 million registered users. In January 2011, it was reported that SoundCloud had raised US$10 million Series B funding from Union Square Ventures and Index Ventures. In May 2010, SoundCloud announced it had one million users. In April 2009, SoundCloud received €2.5 million Series A funding from Doughty Hanson Technology Ventures. According to Wired magazine, soon after its inception, SoundCloud began to challenge the dominance of Myspace as a platform for musicians to distribute their music. It was originally intended to allow musicians to collaborate by facilitating the sharing and discussion of recordings, but later transformed into a publishing tool for music distribution. Later that year, Rapper Kid Cudi posted the video for his Soundtrack 2 My Life track, then got replaced to YouTube in 2012. SoundCloud was established in Berlin on August 27, 2007, by Swedish sound designer Alexander Ljung and Swedish electronic musician Eric Wahlforss, and the website was launched on October 17, 2008. SoundCloud has evolved from a traditional online streaming platform to an entertainment company. SoundCloud offers both free and paid memberships on the platform, available for mobile, desktop and Xbox devices. The service has more than 76 million active monthly users and over 200 million audio tracks as of November 2021. Founded in 2007 by Alexander Ljung and Eric Wahlforss, SoundCloud is one of the largest music streaming services in the world and is available in 190 countries and territories. The service enables its users to upload, promote, and share audio. SoundCloud is a German audio streaming service owned and operated by SoundCloud Global Limited & Co.
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