We7 Takes $6 Million Series A
Written by on January 21st, 2008 in Ajax News.
Ad supported music download service We7 has taken $6 million Series A is a round led by musician Peter Gabriel and Spark Ventures, with Eden Ventures also participating.
Oxford, UK based We7 offers free music and video for download that is ad supported. The company notes that their model is “artist friendly at all times,” by making sure that rights owners get paid and artists maintain control over their Intellectual Property
The services currently have just shy of 100,000 users who have downloaded over 1 million tracks.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/220662507/