Amidst the cacophony of music start-ups, ReverbNation echoes
While grinning investment bankers, safe pension funds and good returns from tech stocks may be hard to come by for the foreseeable future, the world does not lack start-ups promising to help indie musicians. Among them, ReverbNation, which has just raised $3 million, looks like a serious contender.
Companies like Topspin Media, an early-stage music marketing platform, and Tunecore, which offers a relatively easy way to distribute albums across multiple online stores, have partial answers to… Continue Reading
E-Commerce marketing co. ChannelAdvisor raises cash, trims staff
ChannelAdvisor, a company that lets online retailers manage product marketing across marketplaces such as eBay, Amazon.com, Overstock.com and a series of shopping comparison sites, has raised an additional $20 million, VentureWire reports. The company has also laid off 70 of the company’s 350 employees — including four vice presidents.
According to CEO Scott Wingo in the article, ChannelAdvisor’s revenue has grown more than 55 percent and has more than 5,500 customers including Wal-Mart Stores Inc. and… Continue Reading
ChannelAdvisor gets $30M more for e-commerce marketing
ChannelAdvisor, a company that lets online retailers manage product marketing across marketplaces such as eBay, Amazon.com, Overstock.com and a series of shopping comparison sites, has raised an additional $30 million in funding.
The company, base in Research Triangle Park, North Carolina, said New Enterprise Associates led the round with $23.5 invested. Existing investors Kodiak Venture Partners, Advanced Technology Ventures, Southern Capitol Ventures and eBay participated.
The company said it would expand offerings into new geographies and investigate… Continue Reading