Mobile music download service mBeat Media raises $1.5M
The Reston, Virginia company owns urbmob.com, a site where artists and models can upload their own music and images, and make them available for fans to download to mobile devices and computers. The site include some interactive features like being able to vote on your favorite artist.
MBeat Media charges the subscription rate of $3.99 per month, and shares revenue with artists.
The company has recently raised $1.5 million from
Draper Fisher Jurvetson, Grosvenor Funds and New Atlantic Ventures.
Next Story: Twitter to jump off Ruby on Rails?
Previous Story: Range Fuels ups earlier round to $166M, racing against Mascoma and Coskata
About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.