Tel Aviv, Israel - YouLicense.com, an online music licensing marketplace, announced on Wednesday that it has secured an undisclosed sum of first round funding, from Ofer Media and Logia Group.

Israel-based YouLicense.com, whose service is currently in beta but expected to officially launch in the fall, offers buyers and sellers of music rights a toolkit for easy transaction processing.

The company also said that it named Reavis Daniel Moore, co-founder of the Earthdance international music festival, as chairman of the board, and hired consulting firm TAG Strategic, which is headed by former EMI head of digital Ted Cohen.

YouLicense.com will use the new funds for global marketing efforts and content acquisitions.

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