Gimme Radio
About this raise
Gimme Radio, the future of digital music, is raising crowdfunding on SeedInvest. The company has a valuation cap of $6 million. Gimme Radio is a music offering that can be accessed through the web, mobile, and Amazon Alexa. It offers a free radio service and a subscription offer to access archives programs. Currently, Gimme Radio specializes in Metals music and is soon to launch its second genre, Country. Gimme Radio was founded by Tyler Lenane, David Rosenberg, and Jon Maples. The current round of crowdfunding has a minimum target of $435,000 and a maximum target of $1,500,000. Registered users of Gimme Radio have grown by 800% since January 1, 2018, and were reported to be 127,500 as of January 25, 2019. The company is led by veterans in the industry and it was included in the Forbes music startup roundup in 2018.
Investment Overview
$510,601 - Total
Deal Terms
Total Commitments
- Platform
- SeedInvest
- Start Date
- 02/09/2019
- Close Date
- 04/01/2019
$25,000
$1,070,000
$500
Convertible Note
Early Stage
RegCF
/ RegD 506(c)
$6,000,000
0%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- San Francisco, California
- Company Website
-
Visit Website
Team
- Employees
- 7
Financials
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/01/2019 | SeedInvest | $6,000,000 | $510,601 | Convertible Note | Funded | RegCF / RegD 506(c) |
Founder Interview
Founder Profile: The Music Industry Veteran Breathing Life Into Music Streaming
We all know Spotify and Pandora as the music streaming services of choice these days if for nothing else, they are the most widely known. But do they do enough for music fans and are they really the end-all-be-all for listening to music?
Tyler Lenane, Co-Founder & CEO of Gimme Radio doesn’t think so and after checking out the app, diving deep into discussion on his new music streaming service / community and learning more about the gaps in services like Spotify and Pandora, I am excited about the possibility Gimme Radio has to create a better music fan experience.
While most music services try and throw as much popular music as possible at you, Gimme Radio goes deep building engagement and community around music unlike anything you have seen to date. He is also a fantastic Founder and one of those individuals that is hard not to want to back. Check out our entire discussion below.