/// TuneIn Creeps Up on Pandora, With 40M Active Listeners
The TuneIn app keeps a low profile despite being a much-depended-on utility for people who want to listen to audio streams and podcasts on their phones, in their cars, on their TVs and other devices. TuneIn is now up to 40 million active users, largely in the U.S., up from 30 million in October . That’s a bit behind the far more famous Pandora, which reported 52 million active users in May. On top of that growth, Palo Alto-based TuneIn has now raised $16 million led by General Catalyst Partners and including Jafco Ventures, Google Ventures and Sequoia Capital. Sequoia had previously invested $6 million in TuneIn and helped move it from Texas, where it was founded in 2002 under the name RadioTime (for a more detailed look at the company, see this profile I wrote last last year).
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TuneIn Creeps Up on Pandora, With 40M Active Listeners