TuneIn Brings In $50 Million

Internet radio platform TuneIn announced the close of $50 million in financing. Six investors contributed to the round: Comcast Ventures, Marker, IVP, Sequoia Capital, Causeway Media Partners, and General Catalyst Partners.

Founded in 2002, TuneIn is an on-demand service that lets people listen to the world’s sports, news, talk, and music, via more than 100,000 radio stations and four million on-demand programs streaming from every continent. With more than 50 million monthly active users, TuneIn is available on the web at TuneIn.com, as an app on iOS, Android, BlackBerry,  Samsung, Windows Phone, and on more than 200 connected devices, including Sonos, Bose, Amazon Echo, and Google Home connected speakers. The TuneIn service is also available in dozens of vehicle models, including the Tesla Model S.

According to the company, TuneIn will use the new funds to pay for rights to live sporting events and original programming like podcasts and music shows.