Crossfader, a provider of a music app, received an undisclosed amount of funding.
Backers included Tapinator (OTC: TAPM), Google Ventures, Kleiner Perkins Caufield & Byers, Index Ventures, and True Ventures.
Fonded in 2013, Crossfader provides an iOS music application that allows users to mix and match existing songs – to act as their own DJ, thereby allowing them to participate in the music creation process. It is especially used by EDM (electronic dance music) fans. The EDM market is estimated to be between $15-20 Billion and is growing by over 10% per year.