Streaming mobile media service Buzzwire secures $8M in Series B funding, led by Sequel Venture Partners

December 5, 2007

1 Min Read

BOSTON and DENVER -- 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 Inc.

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