Band Metrics Gets Angel $’s For Music Analytics

Despite an economic downturn that has frozen many new investments, Band Metrics has closed an angel round of financing led by Allen Graber, a technology investor and entrepreneur who will also join the company’s Board of Directors. A TechCrunch50 2008 semi-finalist, Band Metrics provides a first-of-its-kind
semantic web application for the music industry that collects, analyzes
and displays artist’s dynamic popularity.

The company’s music intelligence and analytics are achieved through patent pending technology which assists artists in understanding large
amounts of data relative to their music, fans and shows, while also
helping them manage their digital identity. (Register for a private
beta account here.)

"Global music content is increasing at unprecedented rates, as DIY tools and social networks are allowing artists to easily create, distribute, and share their music online." said Allen Graber. "However, there is presently no effective way for artists to then measure activity…

relative to their songs. We think Band Metrics has good growth
potential as the company provides analytics that help bands, musicians
and music industry professionals understand how their music is
purchased, played and shared online."

Band Metrics’ Founder and President Duncan Freeman, stated, "We’re
grateful to our investors and thankful that they share our vision of
providing music analytics that gauge the popularity and sentiment of
artists, which in-turn helps identify the music industry’s rising
stars. This investment round gives us even more footing from which to
continue building out our product offering, and we look forward to
releasing our public beta soon!"