Plug.dj, a music sharing site, has closed a $1.25 million funding round led by Javelin Venture Partners. The Los Angeles-based company will use the funds to expand its team, further develop its product, launch new services and improve community support.
Plug.dj, a site that empowers millions of people from around the world to share music in a fun, real-time, community-driven environment, announced today that they have closed a $1.25 million funding round led by Javelin Venture Partners. The Los Angeles based company will use the funds to expand their team, further develop their product, launch new services and improve community support.
Plug.dj was founded in February 2012 by a team of three passionate music fans. By tapping into the potential of crowd-curated content, coupled with a unique and fun user experience, plug.dj has improved music discovery and overcome the limitations of solitary listening. A strong and loyal fan base of early adopters has supported and grown plug.dj, spreading it to several million people in 190 different countries, with the average user spending over an hour on the site per visit.
“We’re excited to partner with Javelin Venture Partners because they have all been successful entrepreneurs themselves and share our dedication to building substantial international communities for discovering and sharing music,” said Alex Reinlieb, co-founder and CEO. “Community is at the very essence of what we strive to foster through plug.dj. There are many great things to come as we continue to work around the clock to unite people throughout the world through music.”
“We’re passionate about investing in innovative companies with strong founding teams, like plug.dj,” said Alex Gurevich, Partner at Javelin Venture Partners. “We believe they have built something very special, as evidenced by their phenomenal user growth and engagement, and we’re excited to help them empower more people from around the world to build these amazing communities.”
For more information, or to join the party, please visit www.plug.dj.
About Javelin Venture Partners
With $325 million under management, Javelin Venture Partners is an early stage venture capital firm specializing in technology based start-ups that leverage key innovations to create scalable, high-growth companies. Javelin Venture Partners’ investment professionals are proven new-
technology entrepreneurs who focus on identifying exceptional businesses and management teams, and helping them achieve great success. The firm operates with the culture of a start-up and with an emphasis on being a true partner to entrepreneurs. Javelin Ventures Partners is located in San Francisco, CA, but invests in start-ups throughout the world.
Plug.dj is dedicated to building positive international communities for discovering and sharing music. Plug.dj was launched in February 2012 by a few passionate music fans. They believed that by tapping into the potential of crowd-curated content, they would be able to improve music discovery and overcome the limitations of solitary listening. This approach to music appreciation and sharing has resonated strongly with many people, who had been dealing with the same challenges. A strong and loyal fan base of early adopters has supported and grown plug.dj, spreading it to several million people in 190 different countries with the average user spending over an hour on the site per visit.
Director of Communications