This being a physical infrastructure play, the amount makes sense: digital jukebox firm Ecast, based in San Francisco, has received $20 million in funding. The financing was led by new investor, Focus Ventures, and included participation by existing investors including Mobius Venture Capital, Crosslink Capital, DCM, and El Dorado Ventures. The company will use the money to expand its sales channel, target new markets, increase R&D and to supplement sales and marketing efforts.
Ecast, founded in 1999, operates a broadband-enabled touchscreen media network in u.S., mainly in bars and clubs, with more than 8,000 digital jukeboxes nationwide. Release.
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Digital Jukebox Firm Ecast Gets $20 Million Funding
Summary:
This being a physical infrastructure play, the amount makes sense: digital jukebox firm Ecast, based in San Francisco, has received $20 mill…
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