radionomy

Radionomy now streaming 30 million hours of online radio per month, to raise $15 million

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We hear Radionomy, which provides a platform for creating and broadcasting online radio stations here in Europe, is out raising a $15 million round of funding with the help of French investment bank Bryan Garnier.

The financing round is expected to close later this year.

The investor interest is warranted: sources tell us Radionomy is quietly becoming quite an online radio giant, with over 30 million hours being streamed on a monthly basis at present.

The company declined to comment on the fundraising, but they were keen to point out that they plan to attack North America next; already, 30 percent of its audience is based in the United States.

Radionomy has been around for a few years now, and earlier raised $2 million in funding.

More when we learn more.