British digital-music firm Electric Jukebox has sprung a surprise this morning, claiming that it is in the process of closing a $14m funding round that will prepare the way for an IPO in the first half of 2018.
The claim came as the company unveiled its second hardware/software product, Roxi, which blends music-streaming with karaoke for families.
Roxi replaces Electric Jukebox’s first device, a combination of a plug-in TV stick, motion-sensing controller and music-streaming service, which was announced in October 2015 but finally launched in November 2016.
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