SoundCloud raises money from KPCB and GGV

SoundCloud has raised money from Kleiner Perkins Caufield & Byers and GGV Capital. The company raised $50 million on a pre-money valuation of $200 million, according to TechCrunch Europe. Regardless of the exact valuation and financing terms, big congratulations to Eric, Alex & the rest of the team at SoundCloud!