Mobile audio solutions provider Lexy has received $1.25 million in funding from KPG Ventures.
Lexy, the brainchild of Egreetings founders Fred Campbell and Tony Levitan, provides on-demand access to Web-based audio news and entertainment on any cell phone. Its Quickcasts service lets consumers subscribe to short-form audio feeds by visiting Lexy.com or the Web site of a participating content provider. When a new episode of a Quickcast is available, Lexy sends subscribers a text or e-mail.
Users can call Lexy’s Quickcast phone number from their mobile or visit the company’s Web site to listen to the audio stream on-demand. Because the services requires a phone call, make sure you have enough minutes to spare.
The start-up intends to use its new funding to grow its subscriber base and revenues.