Topspin Media, a startup launched by former Yahoo Music General Manager Ian Rogers and widely regarded as digital-music maverick, has raised a new round of founding from Denver Boulder, Colorado-based VCs at The Foundry Group. The news was announced on the Foundry Group blog by partner Ryan McIntyre, but the funding amount wasn’t disclosed. The company recently came out stealth and was featured in Billboard magazine. Topspin also raised an undisclosed amount of funding from Redpoint Ventures.
So why are VCs all hot and heavy about this company? The shift to downloading music has boiled away the fat in the industry. Now all you need is an artist, a recording studio and an audience willing to pay for the artist’s music. But someone still needs to handle the marketing and distribution of that music across the web. That’s where Topspin comes in: The company is creating an enterprise-class software platform to track, analyze and monitor music sales and fan response.
As Hypebot, an influential music industry blog notes, “Topspin appears to be breaking through the clutter of disjointed widgets and apps.” And that makes selling easier.
Hi Stacey, no offense to Denver, but Foundry Group is based in Boulder. And we’re happy about that. ;-)
Ryan
Thanks for the email and big oops from me since I edited the post. Fixing the mistake – though Boulder is more fun than Denver.
Ryan, I much prefer Boulder. It’s a cooler version of my hometown of Austin. And yes, I’m talking about more than the weather.
Stacy, thank-you for the quoting Hypebot and thanks to OM for leaving it in the story.
The place where the music meets technology is increasingly the #1 topic of our daily music industry coverage on Hypebot.com. These are exciting times.
Please let me know if I can ever be of any service to you and your great network of publications. Keep up the great work.