Music startup Mixgar secures a round of funding from InvestLife
Hungarian music startup Mixgar has managed to bag an investment from the Phoenix group, which is managed by InvestLife. The funding will allow the social jukebox to pursue their short-term goals in product development and commercially marketing the product.Social jukebox Mixgar, the startup which won IDCEE competition last year has raised €65,000 ($80,000) from Phoenix Investment group handled by InvestLife PLC. Incubated by Digital Natives, Mixgar is now an independent company as of June 2012. The new investors join existing key investor and current CEO Gerzson Huszar, but Digital Natives will still own a majority stake in the company.Read more »
