NextMusic.TV startup has found an investor during a program in the HappyFarm accelerator
15.08.2013 8:10
Semyon Dukach, аngel investor from Boston, has made an investment in the amount of 000 for 2 per cent of the company after a month of NextMusic.TV acceleration in the HappyFarm.
NextMusic.TV is a service allowing to choose music streaming fully in line with a user’s mood. This is done by using a few filters to make a playlist match mood, bitrate, genre, release year and even language.
The service was launched in Febuary 2013 arising from Yaliti.com pivot, radio of independent mood-matching music. The startup was founded by Aladdin PravednoSchastlivy – CEO (series entrepreneur, 6 successful web projects since 1999) and Andrey Transky – CTO (programmer with more than 20 years of experience). Even before the acceleration program in the HappyFarm the service proved a natural monthly growth of 100 per cent. In December 2012 the project team became a total winner of Innovation Breakthrough 2012 where they won residency in the HappyFarm accelerator and a grant from CRDF Global.
As a resident of the HappyFarm the NextMusic.TV startup sparked the interest of Igor Ryabenky (AltairCapital) and Vlad Voskresensky (CEO InvisibleCRM). They became project mentors.
The startup implemented ideas and advice of the HappyFarm star mentors: service architecture fundamental change, improvements in procedure quality, more precise focus, simplification, expansion in the number of videos from 25 thousand to 2 million.
The closest plan is to develop an application for iOS, Android, WindowsPhone. Alfa versions of the application were launched in the “acceleration” times and were successfully tested in 3G Internet network in Ukraine.
“I have invested into the NextMusic.TV because I was excited with wisdom and positive energy of Aladdin, as well as with early growth of users number of this simple and beautiful mood-matching music streaming service” – Semyon Dukach is commenting. “It is a pleasure to work with Aladdin and Andrey: they can listen, they quickly move forward, examine ideas in a shake, improve the project on the basis of users feedback”.
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