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Buzzwire Raises $8 Million in Round B

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Buzzwire, a media service company that provides streaming internet content such as audio, video and live radio to their users’ mobile phones has raised $8 million in a round B financing. This round of venture capital was led by new investor Sequel Venture Partners, alongside with existing investors Matrix Partners and Spark Capital. In addition, Ron Bernal of Sequel will join Buzzwire’s board of directors.

Buzzwire is using this round on its technology improvement, from testing to deployment with major carriers in the U.S. and overseas. Additionally, the CEO for Buzzwire stated that they’ve reached a deal with with one of the top U.S. carriers.

Buzzwire, formerly known as 4th Media, has launched its beta service of mobile streaming in July this year. One of the notable features of Buzzwire is they let their users create custom playlists via a simple Web and mobile user interface that does not require a client download. Having emerged from a stealth mode, they have previously raised $4 million in its first round, that makes the total amount raised by Buzzwire to $12 million.

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