Music search and discovery engine Deezer has raised €6.5 million in a second round of financing so Techcrunch informs. It brings the total amount invested in the French upstart to an approximately very nice €12.2 million. The bonus capital was injected by AGF Private Equity and CM-CIC Capital Privé. Deezer is actually one of the most popular music services in Europe and especially France.
Music search and discovery engine Deezer has raised €6.5 million in a second round of financing so Techcrunch informs. It brings the total amount invested in the French upstart to an approximately very nice €12.2 million. The bonus capital was injected by AGF Private Equity and CM-CIC Capital Privé. Deezer is actually one of the most popular music services in Europe and especially France.
Not that all has went to smoothly for the company in the past. Formerly known as BlogMusik, Deezer ran into legal trouble when it launched its free music streaming service a few years ago. It took them some time but they reached all necessary agreements with copyright associations and were able to relaunch as a legal free music search engine in August 2007. Nowadays the company boast having 10 million plus users allover Europe, with over 5 million located in France allone.
Anno 2009 it will ’spotify’ its service by adding a ‘Deezer Premium’ subscription service. Users can sing up for 9.99 € per month which is… the same price as a Spotify premium account. Not that it has to learn mich from Spotify, Deezer launched a mobil application a while back already and claims it was downloaded more than one million times.
