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.
More when we learn more.