Dec 3, 2009

Next Big Sound Raises Seed Round For Online Music Analytics




Next Big Sound, a TechStars 2009 company that tracks the growth and popularity of music groups across major web properties like MySpace, Twitter, Last.fm, and others, has raised a seed round in the $1 million range. The company would not reveal the exact amount, but did confirm that they had recently raised the funding.

As Robin described it in August, Next Big Sound is a statistics and comparison engine à la Alexa or Compete, but for music artists and industry professionals. Next Big Sound measures number of fans, number of plays, and comments for bands.

According to an SEC filing, Next Big Sound filed a Form D for their seed round that stated they had raised ~$100k, though they have in fact raised significantly more. Foundry Group led the round, with Jason Mendelson taking a board spot. Also participating were SoftTech VC, Alsop Louie Partners, Professor Troy Henikoff from Northwestern University and TechStars Executive Director David Cohen.


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Next Big Sound, a TechStars 2009 company that tracks the growth and popularity of music groups across major web properties like MySpace, Twitter, Last.fm, and others, has raised a seed round in the $1 million range. The company would not reveal the exact amount, but did confirm that they had recently raised the funding.


As Robin described it in August, Next Big Sound is a statistics and comparison engine à la Alexa or Compete, but for music artists and industry professionals. Next Big Sound measures number of fans, number of plays, and comments for bands.


According to an SEC filing, Next Big Sound filed a Form D for their seed round that stated they had raised ~$100k, though they have in fact raised significantly more. Foundry Group led the round, with Jason Mendelson taking a board spot. Also participating were SoftTech VC, Alsop Louie Partners, Professor Troy Henikoff from Northwestern University and TechStars Executive Director David Cohen.


Next Big Sound has been tracking over 500 million fan interactions and almost 500,000 artists since launch. Next Big Sound launched in August at the TechStars Investor Day in Boulder.


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