SoundCloud has raised 300 million Swedish krona (the equivalent of around $35 million USD) in debt funding with Tennenbaum Capital Partners, according to Swedish news site Digital. The report also indicates that SoundCloud has an option to borrow another 600 million Swedish krona (~ $70 million USD) through convertible bonds. Tennenbaum Capital Partners is an American firm that specializes… Read More
Source: TechCrunch