Ex.fm is a web and mobile application that allows you to play music you find while browsing.
The journey for Ex.fm began in 2010 as a Google Chrome extension named ‘Extension.fm’. Since then, it has evolved into a music discovery tool focusing particularly on new bands and the alternative music scene.
The experienced founders include Dan Kantor, Charles Smith and Marshall Jones. The tam of seven is based in New York.
Ex.fm has raised $1.25m in two rounds of investment. Spark Capital Partners, Betaworks, Dave Morgan and Founder Collective are the main investors. The company is using the recent $750,000 to develop its features and expand its user base.
The startup has 50,000 users but is now shifting its focus from being a universal music player to a community-based tool with a narrower yet more engaged audience.
Ex.fm faces competition in the online music industry from startups such as Turntable.fm, Dubset and Broadkastr. Established mainstream rivals like Spotify, Pandora or Grooveshark also play a significant part in the market.
The application is free and available on the iPhone. It will soon be available for Firefox, Safari, Internet Explorer and Android.
Which music players do you use? Which ones are the best?