Ringback tone pioneer secures additional funds for European expansion
Muzicall has received an additional €2.1million funding from new investors Ventech.
The new investment comes four months after Muzicall announced its second round of fundraising, which saw the company raise €9 million from new and existing investors.
Muzicall says today's additional funds will enable it to accelerate plans to make ringback tones available to European mobile users.
The company's RBT.4.ALL platform enables end-users to create their own content library, giving them the ability to assign a different tune for different callers.
Patrick Allainguillaume, CEO of Muzicall, said: “We are delighted to receive this additional investment. It will add significant momentum to our expansion throughout Europe; it also demonstrates the faith of the investor community in the potential of ringback tones."
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