MOG, web portal and blog of popular music, has signed a new $ 5 million round of financing led by Menlo Ventures with current investors Equity Partners Simon Jones and Scott are also involved. Sonja Menlo Ventures' Hoel Perkins will join the board of the company in connection with the transaction. The company raised a total of $ 12.5 million since its founding in 2005.
MOG was having a great year. In April, the site has launched a fully redesigned site, which now includes music news, reviews, a selection of high-level of your blogs, and a variety of other content. MOG's network now sees more than 8 million unique visitors per month, with over 700 blogs that generate over 6,000 jobs per week.
Existing products MOG obviously doing quite well, but I can not help wondering if the new round was partly through his music unlaunched product flow, which previewed in January. In the time it was called Ultimate Streaming Music APP may never be responsible, because there were only two of the four major labels signed. If MOG got that dissidents who remain on board, the company would be an easy target for investors. The company refused to comment on the issue, but we will be looking for more details.
MOG was having a great year. In April, the site has launched a fully redesigned site, which now includes music news, reviews, a selection of high-level of your blogs, and a variety of other content. MOG's network now sees more than 8 million unique visitors per month, with over 700 blogs that generate over 6,000 jobs per week.
Existing products MOG obviously doing quite well, but I can not help wondering if the new round was partly through his music unlaunched product flow, which previewed in January. In the time it was called Ultimate Streaming Music APP may never be responsible, because there were only two of the four major labels signed. If MOG got that dissidents who remain on board, the company would be an easy target for investors. The company refused to comment on the issue, but we will be looking for more details.
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