Simfy has raised €10m from existing investors


Earlier this month we already reported about the German music streaming service Simfy and its 1st birthday. I guess we should have waited some more days – because today we have much bigger news about the Cologne based startup. The Spotify-kind-of-service, which is available in German and English, has raised 10 million Euro from existing investors like Dumont Venture, Earlybird and the NRW Bank. According to Simfy’s press release, the fresh capital will be used for the further internationalization. The expansion into other European countries is planned for the second half of 2011.

Simfy was founded in 2006 by Steffen Wicker and Christoph Lange. The platform officially launched in May of 2010 and has already over one million registered users. In order to grow its userbase Simfy partners with the German social network “StudiVZ” and other big Internet players out of Germany.


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