On-Demand Music Startup Rdio Raises $17.5 Million

The on-demand social music service Rdio has raised $17.5 million from Mangrove Capital Partners and existing investors Rdio co-founder, Janus Friis, through his investment entities, as well as Atomico and Skype.

Rdio has been on our radar since they worked with the Recording Academy on a mobile app for the GRAMMY Awards. To strengthen its ties to the music industry, the company has now added to its board Warner Bros. Records chairman Rob Cavallo, a Grammy-nominated producer who has worked with artists like Green Day, Dave Matthews Band and Alanis Morissette.