8tracks Closes $2.5 Million Debt Line, Signs More Direct Licensing Deals With Music Labels

 Music streaming service 8tracks has been profitable since 2012, but wants to move faster. For its new round of funding, the company chose to secure a $2.5 million debt financing from Silicon Valley Bank. As a reminder, 8tracks is a library of modern mixtapes, as anyone can create and listen to user-generated playlists based on genres and moods. The company recently moved into direct… Read More