Nashville, Tenn. - PassAlong Networks, a provider of digital music services, plans to close on a new $30 million funding round later this month, VentureWire reported.

Founded in 2002, PassAlong powers digital music services for a range of clients, including the player for the (RED) Wire service launched today.

The company has to date raised a total of $40 million in venture capital from individual investors.

Tennessee-based PassAlong's service offers a catalog of nearly 3 million songs, licensed from all four major labels and many independents.

Related Links:
http://www.venturewire.com

http://www.passalongnetworks.com