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February 24, 2005

MusicGremlin Gets Second Round Funding; Totals $5 Million

MusicGremlin, a company developing a wireless music device which will download music through Wi-Fi connections, has recived its second round of funding, led by Allen & Company. (Release here)

With this latest round, MusicGremlin has raised more than $5 million to date. The company is in the process of licensing its technology to consumer electronics companies, and hopes to launch this year. MusicGremlin-enabled devices will allow consumers to purchase both "a la carte" and subscription content, both delivered directly to the device, without needing to connect wires or install software.

More info on the company here

Posted by Rafat Ali in Hardware, Venture Capital | Permalink


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