OLX, a competitor to classifieds site Craigslist, raises $13M
OLX, a company competing with classifieds site Craigslist, but more popular outside of the U.S. than it is here, has raised $13 million in a second round of financing.
The company, based in New York and Buenos Aires, is like Craigslist in that it focuses on urban centers to ensure mass. To gain visibility, it partnered with social networking company Friendster — which has also has more traction outside of the U.S.
The two-year-old company was started… Continue Reading
More music startups get funding: OurStage and mTraks
Some investors tell us there’s not enough opportunity in music-related innovation to merit their money. But apparently, others disagree. OurStage, one of many sites that tries to nurture budding artists, has raised $13 million from a consortium of angel investors through Signature Capital LLC. Another, mTraks, has raised $550,000 from an unnamed investor.
OurStage is in some sense trying to duplicate traditional music charts — but for unknown artists. First, bands upload their tracks and videos… Continue Reading