Gimme Radio announced $3 million in funding in a round led by iHeartMedia.
Gimme is a digital radio service for artists and music fans. It provides a venue where artists choose the music and fans show support through tipping, merchandise sales and vinyl subscriptions.
iHeartMedia joins The Orchard, Concord, Metal Blade Records, Riser House Entertainment and Quartz Hill Records, who also have backed Gimme. Gimme said iHeartMedia’s investment enables the company to extend its reach to more fans and genres while offering iHeartMedia a way to build communities around its own programming and talent.
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Gimme noted that more than 1,200 artists host shows on two stations, Gimme Metal and Gimme Country.
The Gimme Radio executive team, led by Tyler Lenane, CEO and co-founder, consists of music industry executives with experience at digital music services including Beats, Apple Music, Google Play Music, and Napster (formerly Rhapsody).
In a statement announcing the funding and partnership, Lenane said, “Creating rich communities of artists and fans who can have meaningful conversations, build real relationships and transact directly with one another is how the world will experience music and support artists.”
Chris Williams, GM and chief product officer at iHeartRadio, said the company was pleased to help extend the connection between artists and fans, as well as enabling Gimme to reach the iHeartRadio audience.
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