Direct-To-Fan CHNL Grabs $1.2 Million Investment, Launches With Thievery Corporation
Today stealth mode startup CHNL announced the addition of $1.2 million in funding from the Giantstep Angel Network and its first first public product in partnership with electronic music pioneers Thievery Corporation. V1 CHNL serves as a direct to fan "channel" for the June 28th release of the artist's "Culture Of Fear" album including free streaming, purchase, a subscription service, back catalog and videos.
"CHNL enables us to have a much closer and constant relationship with our fans," states the Thievery Corporation co-founder Rob Garza. "Through the tour and into the fall, we're going to be revealing exciting new content and our CHNL will be the place to experience it."
"V1 of the Thievery Corporation CHNL is only a fraction of what is to come," according to CHNL Co-founder and CEO John Wander. "Beyond V1 we remain in stealth mode so the most I can say about the future is that we are committed to innovation and being at the forefront of content empowerment."
CHNL says that its management team is comprised of veterans from such companies as Ingrooves, FiltrBox (acquired by Jive Software), Topspin, TBWA/Chiat Day, Ariba, Global IP Sound (acquired by Google), Reverbnation, MySpace Music, B Vision, Get Satisfaction, TrueChoice Solutions, Extole, and Marketo.
The company is currently in discussions with venture capital firms for additional funding for their Series A Round.