[via – Paidcontent]

“Ad-supported music downloader Guvera has raised a $20 million second round, bringing its total funding over the past two years to $30 million, Techcrunch reported. All of its funding has come from AMMA Private Investment, an Australian consortium of private angel investors.

The private, registration-only music site recently signed a big licensing deal with Universal Music Group. Australia-based Guvera is angling to build up its U.S. presence and has already opened a New York office late last year. In addition to UMG, Guvera also licensing deals with EMI and other labels. It’s hoping to get Sony (NYSE: SNE) and Warner Music Group (NYSE: WMG) on board as well.” (Continue Reading)

This entry was posted on Monday, January 18th, 2010 at 8:49 pm and is filed under Music Biz. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.