Get our rare newsletters
Contact GoalEuropeIf you have questions or need a consultation, get in touch.
Ukrainian investment fund AVentures Capital announces that they have invested $400,000 (302,000 Euro) in VOX, a US-based startup which offers a music and radio player to act as an alternative to iTunes. The service, which was developed by Ukrainians Petro Bondarevskii and Ivan Ablamskyi and released on August 6th, has already reached 130,000 downloads in the AppStore and tops the ‘free’ rankings in 70 countries. In this round, AVentures Capital is the sole investor and, according to the release put out by AVentures, VOX now has the rights to further financing from the investment firm when they proceed to raise a Series A round.
The VOX player is billed as a music and radio hub for Mac, where users can listen to their own music, as well as tracks from Spotify, SoundCloud, Deezer, Yandex.Music, and other B2B partners. Scrobbling function from LastFM is also supported, as well as AirPlay, and the users can create and save their playlists. The player is designed to be able to able to support a wide range of codes, such ALAC, FLAC, AAC, MP3, OGG, and more.
Yevgen Sysoev, Managing Partner at AVentures, tells me that iOS and Android audio players will be launched in 2014 and that they are looking to integrate the web-based and mobile platforms with various audio-focused services.
The VOX audio player is developed by Coppertino, a Los Angeles-based mobile-development agency headed by Ablamskyi. In addition to VOX, Coppertino has developed apps such as Forismatic, Focus, and Wallpaper Wizard. Their other offerings are paid apps, but Sysoev says that VOX generates revenue for the company through in-app purchases and tells me that it be monetized through lead generation in the future.
+44 (020) 3290 3544
vita at goaleurope dot com