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SoundCloud Raises $70M

Music streaming service SoundCloud just raised $70 million, Business Insider reports, citing a filing. “The documents show that SoundCloud raised the loan from Kreos Capital’s fifth debt fund, as well as the Davidson Technology Growth Debt Fund and Ares Capital,” BI writes. SoundCloud last raised money in June 2016 when it raised around $70 million from Twitter Ventures, Twitter's investment arm.”

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