UK RBT Service Secures €9M from VCs
alarmClock Nov 21 09Digital ring-back tone (RBT) service Muzicall has raised another round of funding, securing €9M ($13M) in its latest round. Existing funders BlueRun Ventures and Thule were joined by a new group of investors: Orkos Capital, Veddis Ventures and GP Bullhound. News of this deal comes shortly after flattering value projections made by market research firm, Multimedia Intelligence, which foresees Muzicall tripling its value by 2012. Based out of London, Muzicall will use new capital to expand its RBT service throughout Europe. Hoping to replicate hefty revenue streams like those services in Asia and the U. Full story...
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Marin Clean Energy 1, Pacific Gas & Electric 0
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