Motorola Invests In Social Music Startup ‘TuneWiki’

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Motorola Ventures is leading a round of funding in social music startup TuneWiki; HillsVen Capital, Novel TMT, Benchmark Capital and Intellect Capital Ventures (the venture fund of Nordic phone company TeliaSonera) also participated in the funding. TuneWiki, which started out as a desktop app and site nearly two years ago, has since also launched several mobile apps for Android, the iPhone, BlackBerry and Symbian, which have gained significant traction.

Last summer, the company said its app for the Blackberry—which lets user share their music selections on Facebook and Twitter, get track lyrics, and see what other people near them are listening to—was now the most-downloded app in the BlackBerry app store; TuneWiki’s Android app, which has similar features, was also a winner in the Android Developer Challenge.

TuneWiki says it will use the new cash to “expand and enhance its product offerings for leading mobile platforms and the internet.” It isn’t saying how much it raised, although it had previously raised $3.3 million in a first round of funding from Benchmark Capital.

Source: PaidContent

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