Top iPad Music Apps (a/o May 23rd):
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Despite near-zero funding prospects earlier this year, music-related startups keep scoring sizable rounds. The latest is Paris-based Deezer, a streaming audio and music discovery service. The company just secured a round of 6.5 million euros ($9.6 million) according to details shared by the company on Monday.
The primary backers in this second round were AGF Private Equity and CM-CIC Capital Prive, a duo that raised the cumulative funding level to 12.2 million euros ($18 million). Deezer rustled its first round in August of 2007. "This equity validates our position and strategy," said founders Jonathan Benassaya and Daniel Marhely. "We are henceforth prepared to continue with our development using state-of-the-art models in all European countries."
And the stats? Those outside of Europe are probably unfamiliar with the footprint, but Deezer boasts 6 million users in France, and 10 million across Europe. That expansion path also includes mobile, and Deezer currently boasts one million app downloads.
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