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'Net-Connected Digital Jukebox Maker Ecast Raises $20 Million

Authored by Mark Hefflinger on September 25, 2006 - 1:27am.
San Francisco - Ecast, a maker of Internet-connected digital jukeboxes for bars and restaurants, announced on Monday that it has raised $20 million in a new round of venture capital financing. Focus Ventures led the investment round; previous investors Mobius Venture Capital, Crosslink Capital, DCM and El Dorado Ventures also participated. Founded in 1999, Ecast operates a network of more than 8,000 Internet-connected digital jukeboxes. The company will use the funds to expand its sales channel, target new markets, increase research and development and to supplement sales and marketing efforts.
http://tinyurl.com/z5y5q
http://www.ecastnetwork.com
tags: Deals | Music Deals | VC | Music | CE | Ecast |



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