Radio Facts: Radical Secures Second Round Financing To Expand Streaming Music OfferingsRadical Secures Second Round Financing To Expand Streaming Music Offerings – Upgraded HTML5 Player, Mobile Apps, and DeeJay Functionality Are Slated For CompletionStreaming music provider Radical has secured a second round of financing to expand its Radical.FM and Radical Indie services. Monies will be used to complete development of a new HTML5 Player, mobile apps for all major platforms, and will include its innovative DeeJay functionality.Share ThisShareThis Email Contact Email PDF Version PDF Printer Friendly Version PrintRadical.FM & Radical Indie streaming music servicesRadical.FM & Radical Indie streaming music servicesQuote start…this influx of capital will insure the rollout of our full service with a revised HTML5 player on schedule.Quote endRadical.FM, Inc. (radical.fm) announced today that it has secured an undisclosed amount of second round financing from a group of private investors. The over-subscribed funding round closed last week. Monies will be used to complete development of a new HTML5 Player for its streaming music services Radical.FM and Radical Indie, for launch in early 2012. Mobile apps and the innovative DeeJayâ„¢ functionality will also be finished. Radical combines passive Stations (like Pandoraâ„¢), active Playlists (like Spotifyâ„¢ & Rhapsodyâ„¢), and social RadCastâ„¢ (like Turntable.FMâ„¢). Patent-pending RadCast makes every listener the owner of a broadcast radio station and permits personal music streams to be shared in real-time. The DeeJay function will allow a user to speak to all who are listening to their RadCasts. To sign up for the free public beta, go to Radical.FM.”I am personally flattered that despite entrenched competition and a faltering economy the offering was over-subscribed,” said Radical Founder and CEO, Thomas McAlevey. “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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