Songza tells press it has "significantly more" than 2 million active listeners

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Issue Date: 
Apr 16 2013 - 3:20pm

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Webcaster Songza now has $3.8 million more to build their business, following their latest round of funding. TechCrunch reported Sunday on the relevant SEC filing, and that Amazon is an "unconfirmed investor."

Songza is the service that offers different channels of music based on listeners' activities, moods, and time of day (a feature that Clear Channel pretty much copied with its "Perfect For" iHeartRadio feature it added in January). The service was launched by the team behind AmieStreet.com ("crowd-priced" MP3s), of which Amazon was an investor. 

Billboard says last June Pandora stocks "dropped 11.2% over two trading days shedding some $208 million of market value after BTIG analyst Richard Greenfield warned in a blog post that Pandora investors should be worried by the sudden rise of Songza." By July, Songza reportedly had 2 million active listeners, but CEO/cofounder Elias Roman tells Billboard that number is now significantly higher.

In August, investors put $1.5 million into Songza. Other recent successful webcaster investment rounds (from Billboard) include Earbits, Radical.fm, Senzari ($3 million), and TuneIn ($16 million).

Read more from TechCrunch here. The SEC document is here. Here's Billboard's coverage.

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