Rdio Secures $17,500,000 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=80736f83-27c1-4ea0-9539-08d3cb32e6c7&Preview=1 - Date
2/3/2011 - Company Name
Rdio - Mailing Address
P.O. Box 438 San Francisco, CA 94104 - Company Description
The company operates an online music service. - Website
http://www.Rdio.com - Transaction Type
Venture Equity - Transaction Amount
$17,500,000 - Transaction Round
Undisclosed - Proceeds Purposes
Rdio will use this infusion of funds to aggressively expand its footprint to new platforms and new regions in 2011. Part of the funds will also go towards hiring new talent, expanding outreach efforts to consumers, and continuing to innovate on new ways to bring the social music experience to music lovers. - M&A Terms
- Venture Investor
Mangrove Capital Partners - Venture Investor
Atomico Ventures - Venture Investor
Undisclosed
