VC-Backed Deezer Launches Music Service
French startup Deezer is planning to launch its online music streaming service in more than 100 countries in the coming weeks, Reuters reported. The company, which is backed by a reported $18 million from DInvest Partners, Dotcorp Asset Management and CM-CIC Capital Prive, is also negotiating deals with as many as a dozen telecom operators, Reuters wrote. Unlike competitors Pandora and Sweden's Spotify, Deezer plans to avoid the U.S. market.
19 October 2011•3 mins read
