Radical Secures Second Round Financing To Expand Streaming Music Offerings – Upgraded HTML5 Player, Mobile Apps, and DeeJay Functionality Are Slated For Completion
Streaming music provider Radical has secured a second round of financing to expand its Radical.FM and Radical Indie services. Monies will be used to complete development of a new HTML5 Player, mobile apps for all major platforms, and will include its innovative DeeJay functionality.
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Radical.FM & Radical Indie streaming music services
Radical.FM & Radical Indie streaming music services
Quote start…this influx of capital will insure the rollout of our full service with a revised HTML5 player on schedule.Quote end
Radical.FM, Inc. (radical.fm) announced today that it has secured an undisclosed amount of second round financing from a group of private investors. The over-subscribed funding round closed last week. Monies will be used to complete development of a new HTML5 Player for its streaming music services Radical.FM and Radical Indie, for launch in early 2012. Mobile apps and the innovative DeeJay™ functionality will also be finished. Radical combines passive Stations (like Pandora™), active Playlists (like Spotify™ & Rhapsody™), and social RadCast™ (like Turntable.FM™). Patent-pending RadCast makes every listener the owner of a broadcast radio station and permits personal music streams to be shared in real-time. The DeeJay function will allow a user to speak to all who are listening to their RadCasts. To sign up for the free public beta, go to Radical.FM.
“I am personally flattered that despite entrenched competition and a faltering economy the offering was over-subscribed,” said Radical Founder and CEO, Thomas McAlevey. “The Company’s owners appreciate the game-changing potential of Radical. Our Beta phase has given tremendous feedback, and this influx of capital will insure the rollout of our full service with a revised HTML5 player on schedule.”
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