8tracks Closes $2.5 Million Debt Line, Signs More Direct Licensing Deals With Music Labels

Published June 11, 2015

5301467804_504317dc08_o Music streaming service 8tracks has been profitable since 2012, but wants to move faster. For its new round of funding, the company chose to secure a $2.5 million debt financing from Silicon Valley Bank. As a reminder, 8tracks is a library of modern mixtapes, as anyone can create and listen to user-generated playlists based on genres and moods. The company recently moved into direct… Read More