Goom Radio Receives $16 Million In Funding
From VatorNews:
In the midst of record labels cracking down on Online music piracy, (like last week’s announcement of Seeqpod filing for Chapter 11 bankruptcy while facing lawsuits with Warner and EMI), a new company is once again trying to change the way users consume music on the Web.
Goom Radio, an online radio company based out of New York, has secured $16 million Series A funding from Wellington Partners Venture Capital, Elaia Partners and Partech International.
The company seeks to, ‘reinvent radio for the Internet generation,’ by providing its users a free platform in which they can create their own radio stations, similar to Online radio pioneers Last.fm and Pandora. The company will be ad supported. Continue Reading
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