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Amie Street Raises New Capital

  • GigaOm, Thursday, October 8, 2009 4:26 PM
Despite the falling valuations of many digital music startups, online music store Amie Street has secured another $3.9 million in second round financing. The company, best known for its dynamic pricing of songs, has been raising the round for about a year, and inked a regulatory filing on Sept. 30, with a formal announcement expected on Thursday. Menlo Park, Calif.-based digital media specialist Deep Fork Capital was the lead investor.

Amie Street's dynamic pricing model introduces new songs as free downloads, then raises the price as they are downloaded more frequently. Though primarily a channel for indie labels and artists, Sony Music distributes its content on the site.

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