Groove Mobile
Mobile music and video solutions for operators
About Groove Mobile
Groove Mobile, Inc. was a provider of mobile music solutions for wireless operators and mobile music retailers, founded in 2000. The company, formerly known as Chaoticom, offered services including full-track mobile and video downloads, ringtones, ringback tones, personalized music recommendations, and music subscriptions.
The company's business model focused on providing a managed, integrated storefront for mobile operators to offer these digital entertainment services to their subscribers. This allowed carriers to capitalize on the growing mobile music market, which was projected to become a significant revenue stream in the mid-2000s. Groove Mobile secured major contracts with providers such as Sprint, 3 UK, and Bell Mobility.
Throughout its operation, Groove Mobile raised approximately $32.5 million in venture capital from firms including Charles River Ventures, Kodiak Venture Partners, and Egan-Managed Capital. In March 2008, Groove Mobile was acquired by LiveWire Mobile, a subsidiary of NMS Communications Corporation, for $14.5 million. The acquisition was intended to enhance LiveWire Mobile's portfolio of managed services and expand its customer base. Subsequently, LiveWire Mobile itself was acquired by OnMobile Global Limited in 2013, further consolidating the mobile value-added services market.
Source: Dealroom company dataAt a glance
- Founded
- 2002
- Headquarters
- Littleton, United States
Knowledge graph
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
- ECEgan-Managed Capital
ORIX USA Corporation
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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