Buzzwire gets $8million
Buzzwire, Inc. which provides streaming online audio, video and radio to mobile phones, has secured $8 million in Series B venture capital financing. Led by new investor Sequel Venture Partners, the Series B round also includes existing investors Matrix Partners and Spark Capital. Ron Bernal of Sequel will join Buzzwire’s board of directors.
Buzzwire will use the new round to move from planning and testing to deployments with major carriers in the U.S. and overseas. “We have hit every milestone to date. We’ve launched the company, attracted a top notch management team, proven our model’s operational feasibility and secured interest from top carriers, content partners and consumers,” said Andrew MacFarlane, CEO for Buzzwire. “With a deal in place with one of the top U.S. carriers, this new round will fuel the roll-out of Buzzwire in multiple markets within the U.S. and abroad.”
Posted on Calibre
