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The old news is that venture funding is seriously down, though some money is still floating around. Since last fall, VCs have been pointing to drought-like conditions, and surveys and studies reaffirm those statements. The latest comes from Dow Jones Private Equity Analyst, which pointed to just 99 funds raising just $43 billion in the fourth quarter.
That is down from $108 million from 22 funds during the comparable period in 2007, though smart pitches are still rustling rounds. Just last week, concert-focused Songkick lured a $4.65 million round, according to VentureWire. Among other features, Songkick offers customized concert listings, based on personal collections and expressed preferences. The round closely follows a $1.1 million round emerging in late June of last year.
Permalink: http://www.digitalmusicnews.com/stories/011109well
Related articles (registration required):
"Songkick Closes Latest Round, $1.1 Million Rumored," June 29, 2008
http://www.digitalmusicnews.com/stories/062908songkick
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