Pandora Joins IPO Rumor Party
If you're not one of the supposedly 48 million people who listen to and explore some of the 700,000 songs on Pandora, probably the last time you tuned into the company was in July 2009. That's when the Oakland, Calif.-based company. which develops music recommendation technology and provides other music-streaming services, raised $35 million in funding, led by Greylock Partners. Pandora, f.k.a. Savage Beast, has now raised about $65 million from Crosslink Capital, DBL Investors, Hearst Corp., Labrador Ventures, Selby Venture Partners and WaldenVC. Dan wrote about the recent funding in a previous post. Earlier this week, the New York Times wrote about the company and its growth. Though the company gave the standard line that it is focused on growth, not a public offering, the
