Amie Street Raises $3.9 Milllion In Series B Funding
Amie Street is a music website made for indie artists. The company has recently raised $3.9 million in Series B funding, led by Deep Fork Capital. This investment includes the conversion of a bridge note from Deep Fork. According to TechCrunch, three other undisclosed venture capital firms were involved in this round of funding.
This new round of funding will be used for new product development said CEO Joshua Boltuch. The company also recently made a licensing deal with Sony Music. There are over 1.5 million songs available for download on Amie Street as of right now. Amie Street’s first round of funding was provided by Amazon.com.
Amie Street initially has songs available for free and then the price increases in price when more people download them. About a year ago Amie Street acquired a music search engine called Songza.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry