SOURCE: Band Metrics

November 26, 2008 07:26 ET

Band Metrics Announces Angel Investment

ATLANTA, GA--(Marketwire - November 26, 2008) - Band Metrics, a TechCrunch50 2008 semi-finalist, announced today the closing of an angel round of financing. The investment was led by Allen Graber, a leading technology investor and entrepreneur who will also join the company's Board of Directors.

"Global music content is increasing at unprecedented rates, as DIY tools and social networks are allowing artists to easily create, distribute, and share their music online. However, there is presently no effective way for artists to then measure activity relative to their songs. We think Band Metrics has good growth potential as the company provides analytics that help bands, musicians and music industry professionals understand how their music is purchased, played and shared online," said Allen Graber.

Band Metrics' Founder and President Duncan Freeman, stated, "We're grateful to our investors and thankful that they share our vision of providing music analytics that gauge the popularity and sentiment of artists, which in-turn helps identify the music industry's rising stars. This investment round gives us even more footing from which to continue building out our product offering, and we look forward to releasing our public beta soon!"

About Band Metrics:

Headquartered in Atlanta, GA, Band Metrics, a TechCrunch50 2008 semi-finalist, provides a first-of-its-kind semantic web application for the music industry that collects, analyzes and displays dynamic popularity and trends about musicians and bands. The company's music intelligence and analytics is achieved through its patent pending technology which assists artists in understanding large amounts of data relative to their music, fans and shows, while also helping them manage their digital identity. To register for a private beta account with Band Metrics, please visit: http://bandmetrics.com.

For more information about Band Metrics, please visit www.bandmetrics.com or contact Duncan Freeman at +1.404.492.6511 or via email at duncan@bandmetrics.com

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