Apple Acquires Swell for $30,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=54870548-25e3-4c8a-ab02-fccad1d62adc
Date
7/28/2014
Company Name
Swell
Mailing Address
480 S. California Ave. Palo Alto, CA 94306 USA
Company Description
Swell is powered by an advanced algorithm that delivers content in a lean back format designed with a simple goal: serve content that you want to listen to right now.
Website
http://www.swell.am
Transaction Type
M&A
Transaction Amount
$30,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The purchase price for the two-year-old startup was around $30 million, the person said. Concept.io had a $19 million valuation last July when it closed its Series A funding round, VentureWire reported.