$33.8 Million Has Already Been Invested In Music Startups This Year

February 3, 2011

But will anyone be getting rich this time around?

Take a look at the latest investments – and these are just the ones we know about.

Rdio, $17.5 Million. (Mangrove Capital Partners, others, announced February 3rd.)

X5 Music, $9.1 million* (NorthStar Ventures, January 6th.)

FanBridge, $2 million (various, including First Round Capital, Grape Arbor VC, announced January 18th).

RootMusic, $2.3 million (official SEC filing December 26th, discovered early January)

trueAnthem, $2.9 million (official SEC filing December 28th, part of a larger, $4.6 million offering.

Total: $33.8 million (and counting…)

*technically €7 million, converted to $9.1 million at the time of the transaction.