Welcome back to Baby Breakerdom! This week's quest to find budding Rule Breakers shows that mobile music is about more than just the iPod, and that Rule Breakers are often globetrotters.
We begin the week with Groove Mobile, a start-up that specializes in software for delivering music to mobile phones. Sprint Nextel
What's more, Groove is at the center of a booming business: This week, ABI Research released a paper that showed the total market for full-track music downloads to mobile devices grew by 2,000% during 2005. The researcher says that the total market is expected to reach $9.3 billion by 2011.
Accordingly, Groove is attracting investors faster than a cat at the Westminster Dog Show. The firm raised $8.5 million in additional funding earlier this month (link opens a pdf file). Participating investors included Egan Capital, Charles River Ventures, Kodiak Venture Partners, and Star Ventures. To date, Groove has raised $20 million in capital.
Next up is Intel
Once again, there were no Baby Breaker public offerings this week, which means it's time to say goodbye. See you back here next Friday, when we continue the quest to find the next ultimate growth stock.
For more Rule Breaking Foolishness:
- Check in with last week's infants.
- Be early . You'll be wealthier and wiser as a result.
- Rule Breakers are everywhere. Even overseas.
Please join us tomorrow at Fool.com for an important announcement.
Netflix . Marvel. AOL. Starbucks. Find out how David Gardner landed these and other multibaggers by taking a test drive of Motley Fool Rule Breakers today. You'll also learn why our analysts are smashing the market by more than 25% as of this writing. All you have to lose is the prospect ofbetter returns.
Fool contributor Tim Beyers would love to take his wife to Brazil someday. Unfortunately, kids don't babysit themselves. How's that nannybot coming along, iRobot? Tim didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Fool profile . The Motley Fool has an ironclad disclosure policy .