Music Community Company ReverbNation Gets $3 Million Second Round


ReverbNation, an online music community service used by artists to market their wares, has received $3 million in its second round of funding. The round was led by ETF Venture Funds and included previous investors Novak Biddle Venture Partners and Southern Capitol Ventures. Besides using the site as a homebase for showcasing their music, artists can use tools such as TunePaks, FanReach, TuneWidget, and Street Team Manager to spread their music and information anywhere online including MySpace, Facebook, Bebo and Hi5. The company, formerly called as eMinor, previously received $2 million in its first round in 2006. More details in release.

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