BandPage by RootMusic Raises $16 Million In Expansion Financing
RootMusic, developers of the popular BandPage musicians Facebook app, today announced $16 million in a Series B expansion funding round led by GGV Capital with new investor Northgate Capital and existing investor Mohr Davidow Ventures. The company's January 2011 Series A round netted $2.3 million.Since its launch less 18 months ago, BandPage has grown to over 30 million monthly active users, making it the #1 music app on Facebook and the 6th largest overall app according to AppData.
GGV Partner Hany Nada will join the RootMusic Board of Directors that also includes Bill Ericson from Mohr Davidow, Robert Kavner and Larry Marcus, who was early angel investor in the company.
According to Founder and CEO J Sider, "We work every day to continually improve the BandPage platform. We speak directly to artists, labels, and management companies and are always open for their feedback -' this product is for them and we're just getting started." Sider was recently named one of Billboard Magazine's '30 Most Influential People in Music Under 30".