Buzzwire, streaming media for mobile phones, raises $8 million
Buzzwire, which streams video and radio to mobile phones without the need for a download, has raised $8 million in its second round of financing.
The Boston-based company, which we wrote about here, says it has secured a distribution deal with one of the top U.S. carriers, and plans to use the money to expand into international markets.
Sequel Venture Partners led the round, which included existing investors Spark Capital and Matrix Partners.
Buzzwire streams mobile media, no downloads attached
Buzzwire lets you stream video, audio, and live internet radio to your mobile phone — something other companies do.
But Buzzwire does this without requiring a download — setting it apart from the crowd.
The company, which has been in stealth mode, launches in public beta today. Mobile media, especially video, is taking off. Revenue from mobile video in Q1 2007 was $146 million, up nearly 200 percent from the same period last year, according to one… Continue Reading