MusicGremlin Completes Series B Funding

MusicGremlin Completes Series B FundingI wrote yesterday that the major players in the mobile music-player space will need to keep their eyes on Musicgremlin.

Lo and behold, investers seem to agree. MusicGremlin just announced completed Series B funding lead by Allen & Company LLC.

Regarding the technology:

MusicGremlin's technology solution combines device-based software technology with a custom-architected music store and content acquisition system that allows customers to discover, purchase, manage, control and legally share their digital music collections directly from their digital audio players -- wirelessly and without a personal computer.

MusicGremlin's Wi-Fi-enabled portable player design and device-to-device communication features will help to differentiate MusicGremlin. There are no plans to incorporate internet radio into devices, leaving Motorola iRadio some extra breathing room.

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