AAA August 2014 – Page 4

Zvooq secures $20m “to bring legal music streaming to the masses”

Russia-based music-streaming platform Zvooq has secured an investment of $20m in a series A round led by Ulmart, Russia’s leading online retailer, with the participation of Essedel Capital, a Finland-based private equity fund. The funds will be used to bolster and promote Zvooq’s freemium music-streaming product. Zvooq will also “initiate roll-out of the service in some… Continue reading Zvooq secures $20m “to bring legal music streaming to the masses”