Framingham, MA-based Nimbit, a provider of online music marketing services, announced it has raised $1.25 million in two rounds of funding from its current investor group, to put toward expanding its product team and developing a direct-to-fan marketing product. CommonAngels, LaunchCapital and Mike Dreese, co-founder and CEO of the Boston-area music and entertainment retailer Newbury Comics, invested in a $377,000 financing for the startup last May. Two SEC filings from last week show that Nimbit raised $627,000 in an equity-based round, and $608,000 in an equity and rights offering.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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