Music startup SoundCloud has taken a new round of funding led by Kleiner Perkins Caufield & Byers, with GGV Capital also pitching in. The company has not announced the size of the round, but TechCrunch claims it may be as high as $50m. As part of the funding, Kleiner Perkins partner Mary Meeker is taking a board observer seat at SoundCloud. “SoundCloud has seen exponential growth this year in terms of users and greatly evolved our product offerings,” says CEO Alexander Ljung in a statement. “With Kleiner Perkins’ impeccable track record for recognizing and investing in companies with a long-term view, and their understanding and support for the potential of sound, we couldn’t be more excited about working together.”

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