TuneWiki Raises Undisclosed Round From Motorola Ventures

Motorola Ventures, the corporate VC arm of Motorola, placed a strategic investment in Israel’s TuneWiki Series B (announced Feb 8 2010). TuneWiki’s main investor Benchmark Israel also participated in the round, along with a  few new investors: Intellect Capital Ventures, HillsVen Capital and Novel TMT. Tunewiki will use the proceeds to expand and enhance its product offerings for leading mobile platforms and the Internet.

TuneWiki provides an online service consisting of a community-created lyrics synchronization database and an online/mobile community. It allows its users to edit lyrics in the database, as well as use forums, import blogs, and participate in chat rooms. Since its inception in 2007, the company has launched desktop, online and mobile applications around music and lyrics.

"TuneWiki is changing the experience of listening to music from a solitary experience to a social one,” said Reese Schroeder, managing director of Motorola Ventures

In the official press release TuneWiki said it will continue to focus on the use of song lyrics and new ways to connect music fans around the world, including a video game.

Rani Cohen, CEO of TuneWiki said:

“Teaming up with a global company like Motorola is very exciting for us,We are passionate about connecting people through music, and having our applications running in many countries with different languages will allow our users to explore the world of music and better understand its meaning as part of a vibrant and engaged community.”

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February 9, 2010 | View Comments
Filed Under HillsVen Capita, Intellect Capital Ventures, Motorola Ventures, Novel TMT, TuneWiki

 

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  1. ediggs on February 9th, 2010 6:27 pm

    Posted on VC Cafe: TuneWiki Raises Undisclosed Round From Motorola Ventures: http://tinyurl.com/ykqn2b6

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  2. ediggs on February 9th, 2010 6:28 pm

    New on VC Cafe: TuneWiki Raises Undisclosed Round From Motorola Ventures http://bit.ly/cvRCZZ

    This comment was originally posted on Twitter

  3. Bitesize Monday: BitBand, TuneWiki and GreenRoad : Venture Capital Cafe on February 23rd, 2010 8:45 am

    [...] continues its fundraising success. Only a week after theon the $7 million series B led by Motorola Ventures, last week Japan’s NTT Docomo has announced an undisclosed round in [...]

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