EarBuds Raises $3M in Funding

EarBuds, an Austin, TX-based real-time social music app, closed a $3m funding round.

The round was led by Ecliptic Capital with participation from the Andre Agassi Foundation and LFG Ventures.

The company intends to use the funds to create new tools to allow EarBuds hosts to better connect with their listeners and monetize their streams.

Led by Founder and CEO Jason Fox, EarBuds is a real-time social music platform that enables users to stream the same songs and playlists as their friends, favorite musicians and other celebrities in real-time. The app brings people closer together through group audio experiences — both live and on-demand — and enables commercial partners to connect to fans through voice, premium content, social and mobile features.

EarBuds offers artists, labels, celebrities and brands the ability to build and engage with communities of fans based on shared musical interests, including through chat and live voice functions.

It is available for Spotify and Apple Music users, with Pandora and Amazon Music coming soon.

The company is also announcing the appointment of two former product and engineering leaders from Apple, David Ransom and Sean Moubry, who are joining as Head of Product and Head of Engineering, respectively, to build out the company’s social streaming platform and ensure the best user experience possible. Veteran media and technology executive Drew Larner has also joined the company as an investor and senior advisor.

Ransom and Moubry join EarBuds having previously worked closely together at Apple for several years, building and launching apps. Their additions will help EarBuds strengthen the company’s product and engineering teams. Meanwhile, Larner was the founding CEO of music streaming service Rdio which was acquired by Pandora in 2015, and he will lend his expertise to provide strategic guidance as EarBuds continues to serve as an industry leader in a rapidly expanding market.