Buzzwire Inc., a provider of online multimedia streaming to mobile phones, has raised $8 million in Series B funding. Sequel Venture Partners led the round, and was joined by return backers Matrix Partners and Spark Capital. Buzzwire is jointly headquartered in
Buzzwire, Inc. (www.buzzwire.com), which provides streaming online audio, video and radio to mobile phones, has secured $8 million in Series B venture capital financing. Led by new investor Sequel Venture Partners, the Series B round also includes existing investors Matrix Partners and Spark Capital. Ron Bernal of Sequel will join Buzzwire's board of directors.
Buzzwire will use the new round to move from planning and testing to deployments with major carriers in the U.S. and overseas. “We have hit every milestone to date. We've launched the company, attracted a top notch management team, proven our model's operational feasibility and secured interest from top carriers, content partners and consumers,” said Andrew MacFarlane, CEO for Buzzwire. “With a deal in place with one of the top U.S. carriers, this new round will fuel the roll-out of Buzzwire in multiple markets within the U.S. and abroad.”
Joining Buzzwire's board, Bernal brings an extensive operational background from industry leaders including Cisco, Growth Networks and Silicon Graphics as the company moves to launch and expand its service. “The market for mobile media is immense, but a clear leader has yet to emerge,” said Bernal. “Buzzwire's approach is exceptional and the company has proven itself in a short period of time by meeting extremely aggressive milestones. The opportunity is immediate, and Buzzwire has the right team in place to leverage its technology advantage for market leadership.”
Buzzwire is a new mobile media service that makes it easy for users to find, personalize and share streaming audio and video from their mobile phones. Backed by Sequel Venture Partners, Matrix Partners and Spark Capital, the founding team combines its deep Internet and mobile services expertise to give on-the-go people quick and easy access to the audio and video content that they choose. Buzzwire is jointly headquartered in Denver, Colorado and Boston, Massachusetts. www.buzzwire.com.