Music Messenger App Raises $30 Million; Focuses on Brazil, Russia, and India

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By Reuters | Updated: 22 April 2015 12:37 IST
A mobile phone app that allows users to send music to each another for free has raised $30 million from private investors including Russian billionaire and Chelsea soccer club owner Roman Abramovich.

Music Messenger, co-founded by Israeli entrepreneur O.D. Kobo and launched seven months ago, said on Tuesday Abramovich had invested $15 million.

Other backers included Benny Andersson from pop band ABBA, artists David Guetta, Will.i.am and Avicci, and Gee Roberson, manager of Nicki Minaj, who is also an investor.

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Music Messenger allows users to create multiple playlists and send music to each another's mobile phones for free. It is widely used as a promotional tool by the music industry as users get introduced to many songs.

The company has raised $35 million in total and is valued at more than $100 million, it said.

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The app is attracting 1 million new users per month and is available in 10 different languages.

It plans to launch in China over the summer and is also focusing on Brazil, Russia and India.

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© Thomson Reuters 2015

 
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