Slacker, the San Diego startup that provides customized music streaming, is apparently no slouch when it comes to raising venture funding.
The firm raised $5 million in bridge financing this week, based on a regulatory filing picked up by Dow Jones VentureWire and VentureDeal. Founded in 2004 and headed by former MusicMatch CEO Dennis Mudd, Slacker raised $13.5 million in a first round of venture funding. The company raised another $40 million in 2007 as it launched its online radio service, which enables users to create their own customized music stations.
Slacker recently announced the availability of Slacker mobile applications for Apple’s iPhone and iPod touch, and for RIM’s BlackBerry smartphones. In the fall, the company also launched a second-generation Slacker music player, a $200 hardware device that enables users to get personalized radio channels that are synced with the online service. Slacker identified its investors in a December filing as Sevin Rosen Funds, Rho Ventures, Centennial Ventures, Mission Ventures, and Austin Ventures.
A spokesman for Slacker did not respond to a request for information.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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