WE7 Grabs $6 Million From Peter Gabriel, Sparks and Eden
We7, the ad supported music download service has secured an additional $6 million in Series A funding. The round was led by musician Peter Gabriel and Spark Ventures alongside Eden Ventures whole will join the management team.
“2007 was an outstanding year for We7 with almost 100,000 registers users, downloading over 1 million tracks of great music," said Steve Purdham, CEO of We7. "Our model is simple, fans get great music, advertisers get listened to and performers and artists get paid. This funding will allow us to focus on growth."
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Hi Bruce
Thanks for the for the post is great to get good news out in the Music industry which seems hell bent on reporting mayhem and despair. As an optimist I really think the Music world has a great future as long as we can keep shedding traditional practices
Cheers
Steve
CEO We7
I agree – shake up the music world. The future of music will be great because artists are going to stop signing up with mean labels.