FBR CoMotion Venture Capital Participates in Series A Funding of RadioCentral.Business Editors SEATTLE--(BUSINESS WIRE)--Jan. 17, 2001 FBR FBR Friedman, Billings, Ramsey Group, Inc. (investment firm) FBR Fast Breeder Reactor FBR Federal Benefit Rate FBR Foundation for Biomedical Research FBR Foundation for Blood Research FBR Fluidized Bed Reactor CoMotion Venture Capital, a venture capital firm that provides early-stage investments and accelerator services for emerging technology companies, announced today its participation in a $7.25 million, Series A funding of RadioCentral Inc., a leading provider of custom interactive radio programming for top Internet destination sites. FBR CoMotion joins Allegis Capital and Pacrim Venture Partners in the round. Formed just over a year ago by long-time radio industry entrepreneur, B. Eric Rhoads, RadioCentral uniquely offers customized, quality radio content to forward-thinking companies looking to extend brand awareness and boost revenue. RadioCentral combines the Internet's best streaming audio A one-way audio transmission over a data network. It is widely used on the Web as well as company networks to play audio clips and Internet radio. Computers in home networks stream audio (mostly music) to digital media hubs connected to home theaters. fidelity with radio's top programmers This is a list of programmers notable for their contributions to software, either as original author or architect, or for later additions. See also: Game programmer, List of computer scientists and leading air talent to create a new form of radio and an exceptional, unparalleled consumer listening experience. "Clearly the company is built to scale to the demands of multiple partners, providing each with customized radio `stations' for their user base," said David Billstrom, managing partner of FBR CoMotion. "The value proposition for these partners is stunning." "The investment from these firms is a vote of confidence in RadioCentral and the tremendous success we've had in our first year," said Rhoads, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of RadioCentral. "These investments will give us the muscle to build on our successful foundation." Internet radio Listening to audio broadcasts via the Internet. There are more than 4,000 broadcasts available on the Internet that can be streamed and played by a software media player in the computer or in a stand-alone Internet radio with the software built in. use is growing at an ever increasing rate. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. August 2000 survey by MeasureCast Inc. and Harris Interactive Harris Interactive (NASDAQ: HPOL) is an American market research company that specializes in public opinion research using both telephone and surveys on online panels. The company is the product of a 1996 merger between the Gordon S. Black Company and Louis Harris & Associates. , one in six Americans listened or watched streaming media See streaming audio, streaming video and digital media hub. for at least an hour during the previous month. The survey also indicated that 67 percent of the online population is familiar with streaming media. "We believe RadioCentral has developed the leading technology platform for the production and delivery of FM-quality radio over the Internet," said Peter Gardner, general partner of Allegis Capital and Media Technology Ventures. "We're pleased to continue our strong support for the company as it enters the next phase of its development." "We were attracted to RadioCentral because the company's management brings deep radio industry background to the table," said Tom Toy, general partner of Pacrim Venture. "They have years in traditional radio programming and business issues as well as wealth of Internet radio expertise and a track record in innovation." About RadioCentral RadioCentral Inc. provides customized audio programming for leading web sites. Headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , RadioCentral's programming solutions convert one-dimensional web sites into integrated entertainment and informational web experiences world wide. More company information is available at www.radiocentral.com. About FBR CoMotion Venture Capital With offices in Portland and Seattle, FBR CoMotion Venture Capital provides early-stage investments and accelerator services for Northwest technology companies. FBR CoMotion is led by managing partners David Billstrom and Will Neuhauser. The firm focuses on Internet infrastructure companies and Internet-based start-ups. Recent portfolio companies include WeSync, Chrome Data, MeasureCast.com and MyHealthBank. More company information is available at www.CoMotionVC.com. |
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