Music Startups Received $24.3 Million In August…

Let September begin! According to our latest tallies, investors delivered a plump $24.3 million to music startups in August.  That represents a major jump over July totals of $14.5 million, itself considered quite healthy.

Overall, year-to-date funding now stands at a bullish $437.3 million, a figure that looks poised to cross the half-billion-mark in the coming months.

Clearly, there’s a lot of money in play, bubble be damned.  The August purse included an impressive, $16 million second round for RootMusic (just announced), and an $8 million injection for networked stereo and media hardware manufacturer Roku (which is probably stretching the ‘startup’ definition a bit).

And, this is what the full-year calculation looks like (drop a comment if you want to play around with the source xls.)

Source: http://digitalmusicnews.com/stories/083111august

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