12-16-2011
The company didn't say how much money it raised but it will be enough to upgrade the Radiocal.FM platform technology. The second round of financing will be used to complete development of a new HTML5 player for its streaming music services Radical.FM and Radical Indie, expected to launch in early 2012. Mobile apps and the DeeJay? functionality will also be finished.
Radical Founder and CEO, Thomas McAlevey said ?I am personally flattered that despite entrenched competition and a faltering economy the offering was over-subscribed. The Company?s owners appreciate the game-changing potential of Radical. Our Beta phase has given tremendous feedback, and this influx of capital will insure the rollout of our full service with a revised HTML5 player on schedule.?
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