Posts Tagged ‘Management Funds’
Deezer Raises $9.5 Million More For Free Music Search And Streaming Service
October 12th, 2009
Deezer Raises $9.5 Million More For Free Music Search And Streaming Service
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.
Posted in Ted Crunch | 
Tags: 5 Million, 6 Million, Agf Private Equity, Asset Management, Blogmusik, Cic, Deezer, Discovery Engine, Free Music Search, Legal Trouble, Management Funds, Music Search Engine, Music Services, Popular Music, Service Discovery, Service Music, Shareholders, Streaming Music, Streaming Service, Upstart | 
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