Menlo Ventures Leads $5 Million Investment in MOG

Menlo Ventures Leads $5 Million Investment in MOG

BERKELEY, Calif., Aug. 28 /PRNewswire/ -- MOG (http://mog.com/), the Web's premier music blogging network, today announced that it has closed a $5 million equity financing round. The round was lead by Menlo Ventures. Long-time investors Simon Equity Partners and Scott Jones have also invested in this round and will be joined on the board by Sonja Hoel Perkins of Menlo Ventures. MOG has raised $12.5 million dollars in funding to date.The Web's premier music blogging network, MOG receives over 8 million unique visitors per month and generates over 6,000 music blog posts per week. These posts are all hand-curated, resulting in the Web's best daily music destination, MOG.com. MOG makes it easy to dig deep and find up-to-date information on favorite artists, albums, or songs by searching an archive of hundreds of thousands of blog posts."With a partner like Menlo Ventures, MOG is in a terrific position to make a colossal impact in the online music space. We have plans to be a leader in not just editorial music content but in music listening as well" said David Hyman, MOG founder and CEO. "David Hyman and his team have built a company that is poised to dominate a market segment where there is yet to be a clear leader," said Sonja Hoel Perkins of Menlo Ventures. "We have been impressed with MOG's team, technology and deep understanding of an industry wrought with change and enormous upside potential."Anyone can access MOG's content for free. A free account is required to contribute content to the site. To set up a music blog, or read what's going on in new music, go to http://mog.com.music/ bloggers and websites interested in joining MOG Music Network can find additional information at http://mog.com/mmn. Current advertisers include Scion, TAG (P&G), Xbox, Nike, and LG.About MOGNamed one of the top 10 hottest music websites by Wired, MOG (http://mog.com/) is a music blogging platform powered by industry-leading music discovery technology. Completely free, MOG was founded in June 2005 and is headquartered in Berkeley, CA. MOG has raised $12.5 million in funding to date, including strategic investments from Menlo Ventures, Universal Music Group and Sony BMG. MOG launched its public beta July 2006. For more information go to http://mog.com/.

Source: MOG

CONTACT: Dana Smith of Dadascope Communications, +1-510-524-2066, or
mobile, +1-510-682-3141, dana@dadascope.com

Web Site: http://mog.com/

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