AccuRadio Raises $2.5 Million
September 5, 2014 at 12:08 PM (PT)
Online radio entity ACCURADIO has raised a “Series A” round of $2.5 million from NANTWORKS LLC, headed by successful entrepreneur DR. PATRICK SOON-SHIONG. The personalizable online radio offers over 1,000 channels of rock, pop, classical, jazz, R&B, country, world music, Broadway and more, targeting an upscale, educated, at-work, P35-64 demographic.
DR. SOON-SHIONG is a surgeon/scientist/entrepreneur who has built two multi-billion-dollar biotechnology firms and is currently the CEO of NANTWORKS, a family of companies dedicated to providing information through the convergence of science, infrastructure and mobility. “We see a great opportunity in accelerating ACCURADIO’s leadership position by enabling new means of engagement among music-lovers through the ACCURADIO platform,” he said.
“We’re extremely excited to work with PATRICK, who is one of world’s brightest and most forward-thinking entrepreneurs," CEO KURT HANSON noted. “We’re also delighted to finally be able to bring PR and marketing support to our product. ACCURADIO has industry-leading measures of customer satisfaction, including Average TSL in Webcast Metrics and its iOS and ANDROID app user ratings, and with the help of this funding, we believe we can really take the brand to the next level.”