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April 18, 2008

Music Technology Turns up Investment Volume: a few stats and trends

Is it me, or is music technology off to a great year! Since January (just over 100 days ago), VCs have invested over $58 million into music tech companies, and that doesn't even include deals where the terms weren't disclosed, like INGrooves. Moreover, most of these investments were aimed at companies marketing their services to the indie music industry, so that's great news for musicians and bands looking for tools to build and manage their careers. Here's a couple of stats and a quick summary of some of this activity since the beginning of 2008 (If you know of more, just drop me an email and I'll add it to the list):

updated July 08, 2008:

Technorati Chart

It looks like the music industry's tail is becoming a powerful whip! Btw, I review these kinds of music related companies here, so if you're involved with one and would like me to write about it, just send me an email.
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I was listening to the : Red Hot Chili Peppers as I wrote this post.

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