Audiolife Gets $1M In Bridge Funding

Van Nuys-based Audiolife, a firm that develops tools and technology to sell merchandise to music fans, announced today that it has raised $1M in a bridge round of funding. The firm said the round came as a single-tranche note, convertible to preferred shares. Source of the new funding was not disclosed. The company said the funding will go to hire key personal, further develop its technology platform, and for strategic partnerships. Audiolife's software allows artists to sell downloads, ringtones, CDs, and other merchandise from their web sites, blogs, or social networking sites. Audiolife is headed by Brandon Hance. More information »