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156 days, 8 hours, 53 minutes ago
Monday, October 12, 2009 6:42:39 PM GMT Monday, October 12, 2009 11:30:32 AM GMT

Deezer Raises $9.5 Million More For Free Music Search And Streaming Service
Deezer Raises $9.5 Million More For Free Music Search And Streaming Service
 
uk.techcrunch.com -- Music search and discovery engine Deezer has raised €6.5 million ($9.6 million) in a second round of financing, bringing the total amount invested in the French upstart to approx. €12.2 million ($18 million). The additional capital was raised from from AGF Private Equity and CM-CIC Capital Privé, thus joining the historical shareholders who make up the DOTCORP Asset Management funds. Deezer is one of the most popular music services in Europe. Formerly known as BlogMusik, it ran into lots of legal trouble when it launched its free music streaming service a couple of years ago. However, unlike many other ventures of the kind the startup turned itself around, reached essential agreements with copyright associations, and ultimately relaunched as a 'legitimately' free music search engine back in August 2007.
beebee posted 156 days, 16 hours, 6 minutes ago     show counter code
tags: AGF Private Equity, CM-CIC Capital Privé, Company & Product Profiles, Deezer, dotcorp asset management, spotify

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