It's on the wires today that Sellaband, the music site that invite fans to finance their favourite upcoming artists, has scored $5m in funding from Prime Technology Ventures.
Sellaband, who launched a store on Amazon before Christmas, wants to break the US so the investment will be funding recording sessions, marketing and development to expand the company.
small>Photo by Taras Kalapun on Flickr. Some rights reserved.
There's no indication quite how much of the company the VC got for their $5m but, given the shaky economy, it's interesting to see that there money guys evidently think online music is one of the safer business models. See the slew of music-related services on Elevator Pitch in the past few months.
