Accel Partners

  1. SoundTracking Integrates YouTube in Android Update

    December 20, 2012 5:07 PM EST SoundTracking, the application downloaded by 3 million people who use it to share virtual music postcards with their friends, has integrated YouTube for its latest Android version released Thursday. Developed by Schematic Labs in San Francisco, So ...

  2. Spotify Raising $100m for Expansion; Opening in Latin America, Eastern Europe Next Year

    November 11, 2012 9:00 AM EST Spotify is close to wrapping up a $100 million round of funding at a valuation of $3 billion as it prepares for expansion into Latin America and expanding further across Europe in 2013. The latest round of funding, confirmed by a source familiar w ...

  3. Facebook Now Valued at Up to $95B in IPO Price Range

    May 04, 2012 6:15 AM EDT NEW YORK (AP) -- Facebook, the company that turned the social Web into a cultural and business phenomenon, is worth as much as $95 billion, according to the price range for its upcoming initial public offering of stock. Facebook's IPO, expect ...

  4. Business Matters: U2's Bono, the Edge Invest in Dropbox

    April 02, 2012 7:58 PM EDT U2's Bono, the Edge Invest in Dropbox -- U2's Bono and the Edge are investors in file-hosting service Dropbox, the company announced via Twitter. A picture included with the tweet shows the two musicians with Dropbox co-founders Drew Hou ...

  5. Business Matters: Don't Bury the CD Just Yet -- Study Predicts a Slow, Graceful Demise

    November 08, 2011 6:45 PM EST Don't Bury the CD Just Yet… -- Technology research firm Gartner forecasts global digital music spending (by end customers) will be up to $6.3 billion in 2011, from $5.9 billion last year, and the company's analysts see global digital mus ...

  6. Turntable.fm Co-founder Denies Funding Report

    July 08, 2011 11:26 AM EDT Turntable.fm may or may not have closed a round of funding, but the startup is definitely hot enough to have the rumor mill in overdrive. Co-founder Seth Goldstein has denied the Business Insider report that the company has raised $7.5 million in ...

  7. Business Matters: If Labels Don't Like Amazon's Cloud, They Won't Like Tunesbag Either

    March 31, 2011 4:55 PM EDT If Labels Hate Amazon's Cloud, They'll Won't Like Tunesbag Either -- If labels hate Amazon's Cloud Drive and Cloud Player, they might as well hate Tunesbag, too. Just days after the launch of Amazon's cloud storage service ...

  8. Business Matters: Terra Firma Close to Losing EMI, Reports Say

    December 13, 2010 12:00 AM EST Opinion and analysis of the day's music news. TERRA FIRMA COULD LOSE EMI BY CHRISTMAS -- Reports out of the U.K. claim Terra Firma could lose EMI by Christmas. The paper said Terra Firma chief Guy Hands has told investors to expect the worst ...

  9. Facebook Takes On Google, Yahoo In Web Messages

    November 16, 2010 12:00 AM EST Facebook rolled out an all-in-one messaging service that for the first time allows its half-billion members to communicate with people outside the social network, intensifying a battle with Google Inc and Yahoo Inc for users' Internet time. A ...

  10. Business Matters: EMI Pension Fund, Fake Reviews, Bananarama

    August 27, 2010 12:00 AM EDT EMI'S PENSION PROBLEMS -- It would be ironic if EMI 's biggest problems came not from its debt but from a liability unrelated to the credit bubble or the recorded music downturn: its pension fund. As ( Billboard.biz has reported ), the U ...

  11. Mid-Year Investments Wrap: Download, Streaming Services Lead the Way

    July 14, 2010 12:00 AM EDT There wasn't exactly a windfall of investments flowing to music-related startups in the first half of 2010, but they are still attracting investors' interest. There were 30 investment deals in the first half of 2010, according to Billboa ...

  12. Business Matters: EFF, Google, WMG, Perez Hilton and more

    June 24, 2010 12:00 AM EDT EFF ATTORNEY HEADED FOR GOOGLE -- Fred von Lohmann, senior staff attorney at the Electronic Frontier Foundation, is leaving to become Google's senior copyright counsel. Von Lohmann's name is well known in music industry circles. He defen ...

  13. Business Matters: Hastings, Rap-A-Lot, Echo Nest and More

    May 17, 2010 12:00 AM EDT Follow Glenn Peoples on Twitter -- Entertainment retailer Hastings reported a 4.9% increase in revenue to $129 million in the first quarter of 2010. Net income dropped to $1 million from $1.7 million. Comp store revenue increased 4.9%. Comp store ...

  14. Seatwave Gains Fourth Round Funding

    June 02, 2009 12:00 AM EDT Online ticket exchange Seatwave has received $17 million of fourth round (series D) funding, led by venture capitalist firm Accel Partners. As part of the investment, Accel partner Sonali De Rycker, who helped found Seatwave while at Atlas Venture ...

  15. BitTorrent Returns Financing To Investors

    December 16, 2008 12:00 AM EST In a move that could point to more troubled times ahead for the company, P2P file sharing service BitTorrent rescinded what's left of $17 million in financing to investors, for a smaller round of funding, according to technology blog TechCrun ...

  16. WMA, VCs, AT&T Launch Digital Investment Fund

    March 03, 2008 12:00 AM EST The William Morris Agency has teamed up with Silicon Valley venture capitalists Accel Partners and Venrock, as well as AT&T, to create an investment fund designed to back digital media startup companies. The $10 million-plus fund is targeted a ...

  17. VC Dollars Grow In Entertainment Space

    November 28, 2007 12:00 AM EST Where there are people on the Internet, chances are there will soon be money. Social networking and user-generated content sites, online advertising optimizers, casual video games, and virtual worlds are not only attracting growing numbers of cons ...