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# Startup Murfie Gets $1.4 Million To Rip Used CD’s & Sell Them As Downloads
- URL: https://www.hypebot.com/startup-murfie-gets-14-million-to-rip-used-cds-sell-them-as-downloads/
- Published: 2012-01-26T10:48:25.000Z
- Updated: 2012-01-26T10:48:25.000Z
- Description: Murfie, an online marketplace that rips and sells the downloads of used music CD's, has closed a funding round of $1.4 million led by DaneVest Tech Fund along with angel. Continue reading [https://www.hypebot.com/hypebot/2012/01/startup-murfie-gets-14-million-to-rip-used-cds-sell-them-as-downloads.h
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e20167611dd55a970b-200wi "image from www.google.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e20167611dd55a970b-popup?ref=hypebot.com)

**Murfie**, an online marketplace that rips and sells the downloads of used music CD's, has closed a funding round of **$1.4 million** led by **DaneVest Tech Fund** along with angel investors including Barry Silbert, CEO of **SecondMarket**. The Madison, Wisconsin based startup has also been selected for the **TechStars** Winter 2012 Boston Program.

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e20167611dd654970b-200wi "image from www.google.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e20167611dd654970b-popup?ref=hypebot.com)

Murfie users send in CD's, which the company stores in a "secure facility", rips them and puts the downloads up for sale. If Murfie sounds a bit like controversial used mp3 marketplace **[ReDigi](https://www.hypebot.com/emi-files-lawsuit-against-used-mp3-retailer-redigi/)**, who are currently being **[sued by EMI](https://www.hypebot.com/emi-files-lawsuit-against-used-mp3-retailer-redigi/)**, the difference is that Murfie takes possession of and stores the CD before ripping and selling it. That's an important distinction that is still likely to be challenged in the courts by record labels.

Since launching last year, Murfie says it has 4,000 active customers selling more than **120,000 CDs**, with about 1- 2,000 new CDs coming in daily. The new funds are slated for marketing initiatives and scaling-up Murfie’s technical infrastructure.