SOURCE: TuneUp Media
September 15, 2010 12:45 ET
TuneUp Announces Series C Round of Funding Led by IDG Ventures
With Participation by KPG Ventures
SAN FRANCISCO, CA--(Marketwire - September 15, 2010) - TuneUp Media, the #1 plug-in for iTunes, today announced that the company has raised a $4.3 million Series C round of funding, led by IDG Ventures with strong participation from original seed-funder KPG Ventures.
To date TuneUp has amassed over 1.5 million registered users internationally and has Automagically™ cleaned over 1.2 billion mislabeled music tracks. Beyond correcting music metadata, TuneUp fills in missing album art and offers a suite of "infotainment" features for users' rapidly growing music collections. These features include personalized concert notifications, Facebook and Twitter integration, and Tuniverse™, which instantly provides the most up-to-date music related content from the web, right within the media player ecosystem.
"This round of funding is a great vote of confidence in TuneUp and supports our vision of providing the best possible music management tools and discovery resources for music collections worldwide," said Gabriel Adiv, Founder and CEO of TuneUp Media. "We are very excited to expand our product-line and to bring these new innovations to music lovers everywhere."
"TuneUp goes beyond simply cleaning up a music library; it provides a unique service for users to access the information they want about their favorite artists and songs directly within their music player," said Phil Sanderson, Managing Director of IDG Ventures in San Francisco. "They are a valued addition to the IDG portfolio in their driving force to satisfy a previously ignored need for music fans everywhere."
Selected to present at DEMO Fall 2010 on September 15th, TuneUp Media will preview the latest features and sharing capabilities within Tuniverse™, plus a hint at the exciting products in development for Q4 2010. TuneUp is available for download for both iTunes and Windows Media Player at www.tuneupmedia.com.
Download TuneUp -- http://www.tuneupmedia.com/download
About TuneUp -- http://www.tuneupmedia.com/about.php
About TuneUp Media
TuneUp Media, the music lovers behind TuneUp, created the #1 selling plug-in for iTunes, with a rapidly growing Windows Media Player user base. TuneUp offers must-have digital music management and music discovery tools that let digital music consumers get more from the music they love. TuneUp Automatically™ "cleans" mislabeled song information using acoustic fingerprint technology against a robust database; fills in missing cover art and presents an ever-growing suite of "infotainment" features. These features include personalized concert alerts, music videos, artist bios and news, as well as Twitter and Facebook integration. TuneUp Media is based in San Francisco; Gabriel Adiv and Raza Zaidi founded the company in 2007.
About IDG Ventures
IDG Ventures SF is an early-stage venture capital firm investing in New Media and IT companies in the US. As a global network of technology venture funds with over $2 billion under management and 10 offices across Asia and North America, the fund works closely with International Data Group (IDG), the world's largest IT media company and one of the firm's Limited Partners. By combining the IDG platform -- an unparalleled combination of global publishing, market research (IDC), conferences and exhibition resources -- with years of hands-on experience in early-stage company building, IDG Ventures help their portfolio companies understand and leverage markets better and faster. IDG has invested in leading technology companies: Netscape, Excite, Infoseek, Epiphany, F5 Networks, BabyCenter, Service Metrics, and Spinner.com in North America.
About KPG Ventures
Founded in 2006, KPG Ventures is a venture capital firm based in San Francisco. KPG focuses on the consumer Internet sector of technology-driven businesses, investing at the seed-stage cycle of a company's development. With a proven track record of selecting promising teams focused on lucrative opportunities that require little capital to reach profitability, KPG has launched many successful companies. By concentrating its efforts on a small handful of companies at a time, they are able to leverage the strategic and operating expertise of its general partners. For more information about KPG Ventures please visit www.kpgventures.com