Online voice messaging service Snapvine has raised a $10 million round led by Bridgescale Partners, a new Silicon Valley firm. This is on top of a $2 million round they raised back in last year from Draper Fisher Jurvetson, First Round Capital, and Russell Siegelman.
Snapvine makes a widget that lets you leave voice comments for friends and is one of the many competing online voicemail widgets. The service has also been used to connect celebrities and fans, similar to SayNow, which closed a $7.5 million series A at the end of August. There are many other voice messaging services out there that offer more utility, including Jangl and Jaxtr, which offer cheaper anonymous phone calls on top of voice messaging. Jangl has recently gotten access to millions of users as a widget on Tagged’s homepages and Jaxtr has over a million registered users. Snapvine reports that their application has been installed on five million user profiles across the various social networking sites.



SayNow is billed as a more personal way to communicate with your fan base, voice being more personal than text, while still protecting privacy by mediating between two sides of a phone number exchange. Though the system is still in private beta, beta testers and my own initial exploration of the system make it clear that SayNow has been put together very professionally. For such a seemingly lightweight use, this is an application that’s had some time invested in its development.
The long term revenue model appears to be wrapping phone messages in advertising; something I expect will be quite viable if the service catches on. I don’t think that people will mind hearing a company name and one line of advertising before or after their message – in exchange for communicating with an admired musician.







