AudioMicro.com Brings In Series A Funding
AudioMicro is a music licensing website where users can upload their sound bites and share in revenue. AudioMicro uses a pay-per-download model rather than a monthly subscription model. AudioMicro has just announced that they have raised a Series A round of funding.
The Series A round of funding was led by DFJ Frontier. Through the funding, Scott Lenet, a managing director at DFJ will be joining the AudioMicro board of directors. Although the amount of funding was not disclosed in the press release, GigaOm reports that it was at about $500,000.
“AudioMicro is revolutionizing the micro stock music and micro stock sound effects businesses by connecting artists with clients in a truly unique way,” stated Lenet. “Like micro-stock photography did, AudioMicro is fundamentally changing the economics of the industry, benefiting every participant.”
AudioMicro was founded by Ryan Born. Prior to starting AudioMicro, Born worked at the PricewaterhouseCoopers’ Assurance and Business Advisory Services Practice in Atlanta. After that Born worked as the VP of Finance and Controller at MediaVast, a company that was acquired by Getty Images. Ryan is also the CFO of NewCondosOnline.com.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry