mTraks Lands $550K In Angel Funding

San Diego-based mTraks, which operates an online social networking sites focused on music, said Monday that it has raised $550,000 in angel financing. Names of the firm's investors were not disclosed. mTraks' online music site also includes a digital music marketplace offering DRM-free, MP 3 tracks and online music subscription plans. The additional funding comes on top of $550,000 in seed funding raised by the firm last May. More information »