The social sound platform said in a statement that the investment would allow it to "continue to expand more rapidly".

Although the firm commented that the amount of capital raised remained 'undisclosed', Techcrunch puts the figure at $50m - giving the music company a total valuation in excess of $200m.

"SoundCloud has seen exponential growth this year in terms of users and greatly evolved our product offerings," said founder & CEO Alexander Ljung. "With Kleiner Perkins' impeccable track record for ...