TuneWiki Lyric Service Raises Capital

TuneWiki, an Israeli startup founded in 2007 by two former airforce pilots and serial entrepreneurs, Amnon Sarig and Rani Cohen, recently launched a servce which allows you to listen to your music on an iPhone/iTouch and PC while scrolling the lyrics of the song in real-time.

According to TechCrunch, “The service, which was launched in December 2007, became a hit with “hundreds of thousands” of downloads to jailbroken iPhones alone (says our source), despite the very sketchy nature of the main website and the fact that only hacked iPhones can use the app.”

“A source tells us that the startup has raised an initial round of financing from Benchmark Capital’s Israel fund. General Partner Michael Eisenberg joined the board of directors. We’re still trying to track down the size of the round, and if there were any other investors.”

As far as the legal nature of publishing lyrics, the company’s website states that Universal Music has given them permission to use their lyrics, and they are trying to get permission from other publishing companies as well.

Check out this youtube video to see how it works.

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