8tracks
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8tracks is raising a $30 million crowdfunding round
Music startup 8tracks has always had a strong sense of community. But the startup is taking this one step further by raising $30 million from its own community. Instead of asking money from venture capitalists, the company has started an equity crowdfunding campaign on SeedInvest and it’s been working well.
Around 30,000 community members have committed to invest $1,000 each to get a… Read More
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8tracks Updates Web Player With Sleek New Design And Better Recommendations
Music startup 8tracks is releasing a new web version of its service in limited beta today. The completely redesigned homepage is all about personalized recommendations to find the perfect playlist in just one click. It couldn’t be easier, and it should reduce a lot of friction when using the site. Read More
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8tracks Closes $2.5 Million Debt Line, Signs More Direct Licensing Deals With Music Labels
Music streaming service 8tracks has been profitable since 2012, but wants to move faster. For its new round of funding, the company chose to secure a $2.5 million debt financing from Silicon Valley Bank. As a reminder, 8tracks is a library of modern mixtapes, as anyone can create and listen to user-generated playlists based on genres and moods. The company recently moved into direct… Read More
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