Social Music Service Rdio Raises $17.5 Million

Rdio is a social music service start-up that has raised $17.5 million from new and existing investors. Mangrove Capital Partners has joined as a new investor along with previous investor Janus Friis through investment entities Atomico and Skype. The funding will be used to expand their platform and regions. Warner Brothers Records Chairman and Grammy-nominated producer Rob Cavallo is also joining the board of directors at Rdio.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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