Melodeo brings iTunes library to regular phones, raises $7.9M
Updated:
Seattle’s Melodeo, one of the many companies offering multimedia for your mobile phones, has just raised $7.9 million in a third round of financing.
The company’s newest product, nuTsie, lets you access your iTunes library from the web or your mobile phone, but this is nothing new. Companies like Orb and Phling already offer variants on this type of service. More recently, Anywhere.FM and Ezmo have built online iTunes clones, but have not made them mobile yet. What sets Melodeo apart is that, unlike the other products that offer the ability to stream your music library to your phone, nuTsie emulates the old iPod interface, making browsing your music from your phone a simpler process. It also has some important partnerships in Asia.
In late September, the company secured a licensing deal with Korean Telecom Freetel, one of that country’s leading carriers. It had just landed a deal to distribute its technology and content with China’s second largest telecom in a joint venture with Access Co, Sony BMG, Warner Music Group and Motorola. Both deals and this new infusion of cash will allow the company to push nuTsie globally.
The company previous product, Mobilcast, is a mobile podcasting service with a large library of content.
Ignition Partners and Voyager Capital led the round.
Next Story: Sequoia joins investors in Synapsense
Previous Story: Microsoft's Ballmer: MSFT will acquire 20 companies a year
About the Author, Dan Kaplan
"Once upon a time, Dan considered himself a magazine journalist with dreams of ""The New Yorker"" and a couple of well-reviewed but only mildly successful books. Then one day, life, as it is known to do, decided it was time for rebirth. Like so many things before it, this rebirth was conceived on a mostly-empty plane to Reno. Now, instead of magazine writing, Dan would plunge into the world of New Media and write for Matt Marshall's blog.
It's funny how it goes."
