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Melodeo
A Seattle-based tech company is developing a music service for cellphones. Company execs hope the offering will one day trump Apple’s iPod and iTunes in popularity.
Melodeo said yesterday that it has raised $9.5 million in venture capital to help develop and market the music player. Investors in the second round include GF Capital, Ignition Partners, Intel Capital and Voyager Capital. The company has raised $11.7 million to date.
The attraction of Melodeo is that it allows a user to search, buy and listen to music from a cellphone, rather than having to download the music on a computer and transfer it to another device. It does this quickly by loading a list of available tracks and artists on the user’s cellphone. The user can then browse and connect to the wireless carrier’s server only when a track is purchased.
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