– OurStage, a provider of music discovery and online marketing services for
musicians, has raised $2.55 million towards an expected $6 million in second
round financing, Billboard reported.
The company raised $17 million in its
first round in 2008, and was reported to have raised $3 million towards this
second round in August 2009.
Billboard notes that an SEC filing lists 49
investors for the round.
Boston-based OurStage lets bands upload and market
their music to fans, who in turn can rate and rank them.
The company expects
its second round to bring it to profitability this year.