Jelli Closes $9 Million Funding Round
Oct 3, 2012 9:12 AM
San Mateo, CA - Oct 2, 2012 - Jelli closed a $9 million round of funding led by new investors Intel Capital and Relay Ventures, with participation from existing investor First Round Capital and individual investors including Roger Ames, former chairman of EMI Music. The funding will be used for product development and sales growth. Intel Capital and Relay Ventures have received seats on the company's board of directors.
Additionally, Jelli announced that more than 70 affiliates across the United States now use the Jelli Platform, increasing listeners to approximately 2 million listeners per month.
Jelli is a social radio platform that combines group listening with game mechanics. Jelli allows listeners to crowdsource playlists on FM radio stations. Listeners engage with other users in live chat rooms and through Facebook.
The new features allow stations to use Jelli as an ad serving network for terrestrial radio advertising without having to use Jelli's programming capabilities....