Liquid Audio secured $20 million
during its third round of private financing. Investors include Microsoft
cofounder Paul Allen, Intel, a division
of MediaOne Group, an affiliate of
privately-held Metromedia, Hummer Winblad
Venture Partners, Phoenix Partners, and Vulcan Ventures. The online
company will partner with MediaOne and Metromedia to deliver music via
broadband services.
Short Take: Liquid Audio nets $20 million in financing
Liquid Audio secured $20 million during its third round of private financing. Investors include Microsoft cofounder Paul Allen, Intel, a division of MediaOne Group, an affiliate of privately-held Metromedia, Hummer Winblad Venture Partners, Phoenix Partners, and Vulcan Ventures. The online company will partner with MediaOne and Metromedia to deliver music via broadband services.
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