gogoyoko.com is an online music store and social networking website that enables artists to sell their music content.
Business Model:
Revenue: $0
Employees: 11-50
Address:
City: Reykjavík
State: Gullbringusysla
Zip:
Country: Iceland
gogoyoko.com is a music service that allows artists to sell their music directly to fans and allows everyone to listen to all music on the site for free. The service uses a combination of subscriptions and advertising sales to support payments to the artists for streaming. The site is unique in the way it splits revenue with artists and charity, with 40% of advertising and subscription revenue shared directly with artists who stream the most music on the site and 10% going to partner charities. Unlike other music stores online, the site takes a very small cut (10%) of music sales, which means that artists make more money from each sale, which makes the service attractive for local music scenes to support their musicians directly. Also, the site&s;s focus is on the independent music sector and the largest labels on the site are large independents like Matador and XL.
Contact Phone:
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 3/2009 | Grant | 1 | $235.6k |
Technology Development Fund Technology Development Fund |
1/2009 | Seed Round | 1 | $962.2k |
New Business Venture Fund New Business Venture Fund |
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