Amie Street raises $3.9 million for online music store
Amie Street, an online music store that prices songs in a dynamic way, has raised $3.9 million in a second round of funding.
The company introduces new songs as free downloads and then raises the price as the songs are downloaded more often. As such, the site has been a distribution channel for independent artists. Deep Fork Capital was the lead investor. It converted a note from an existing bridge round and provided additional capital. The other three investors were not disclosed.
Joshua Boltuch told GigaOm that the funding was not a “down round” compared to its first round of funding in 2007. Amazon.com, which participated in the first round, was not a “major part” of the second round.
Next Story: DailyMotion raises $22.1 million for French user-generated video site
Previous Story: Rock Band finally making it to the iPhone/iPod Touch
About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.