Rdio Secures $17,500,000 New Funding

  • Feed Type
  • Date
    2/3/2011
  • Company Name
    Rdio
  • Mailing Address
    P.O. Box 438 San Francisco, CA 94104
  • Company Description
    The company operates an online music service.
  • Website
    http://www.Rdio.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $17,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Rdio will use this infusion of funds to aggressively expand its footprint to new platforms and new regions in 2011. Part of the funds will also go towards hiring new talent, expanding outreach efforts to consumers, and continuing to innovate on new ways to bring the social music experience to music lovers.
  • M&A Terms
  • Venture Investor
    Mangrove Capital Partners
  • Venture Investor
    Atomico Ventures
  • Venture Investor
    Undisclosed

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