Home › DMW Daily › July 29, 2009

HD Radio Developer iBiquity Lands $42.5 Million

Authored by Mark Hefflinger on July 29, 2009 - 7:33am.
Columbia, Md. - iBiquity Digital, the developer of HD Radio technology, has raised $42.5 million from a host of previous investors, the company reported in a filing with the Securities and Exchange Commission (SEC).

Investors included Grotech Ventures, CBS Radio, Entercom Communications, Radio One, Clear Channel Radio, FirstMark Capital, New Venture Partners and Union Square Ventures.

Maryland-based iBiquity now has raised more than $172 million since its inception.

The company in recent months has been heavily marketing its technology, which lets those with special radios receive digital radio stations not available on regular AM or FM signals.

 

Related Links:
http://snipurl.com/o8e1l (SEC filing)

http://www.ibiquity.com

Published in DMW Daily, July 29, 2009
tags: Deals | VC | Radio | Music | HD Radio | Clear Channel Radio | Union Square Ventures | iBiquity Digital | New Venture Partners | Radio One | FirstMark Capital | Grotech Ventures | Entercom |



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