MOG Obtains $9,500,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f16b1ad7-eb79-4467-9d75-4328c69e9d5e&Preview=1
Date
2/25/2010
Company Name
MOG
Mailing Address
185 Los Altos Drive Kensington, CA 94708
Company Description
The company operates an online social networking for music communities.
Website
http://www.mog.com
Transaction Type
Venture Equity
Transaction Amount
$9,500,000
Transaction Round
Undisclosed
Proceeds Purposes
The funds will support the development of mobile applications, building partnerships with consumer electronics companies, and expanding MOG’s presence globally starting with the United Kingdom in the second quarter of 2010.
M&A Terms
Venture Investor
Menlo Ventures
Venture Investor
Balderton Capital