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$800 Million Invested in Music Tech in 2008
On his Indie Music Tech blog, Duncan Freeman lists more than $260 million in investments by angels and and venture capitalists in music tech companies during 2008.
After including deals where the exact terms weren't disclosed, as well as, more than $520 million in mergers and acquisitions, he totaled a whopping $800 million in music tech related transactions in 2008. There is a list of each of the deals including links to related news stories here.
Duncan's own Band Metrics received angel funding in 2008; and I join him in hoping that despite a tough global economy 2009 is an even brighter year for the music technology sector.
