Tunesbag Receives New Funding and Joins Austrian Startup Incubator

We initially covered Vienna-based Tunesbag in April 2008 when they launched their private beta. Today the company announced that they have received funding and support from the INiTS incubator based in Vienna, Austria.

From the announcement post, “INiTS offers funding, coaching and networking and aims at young professionals who want to start up their own company in the fields of technology, biotech and lifescience.”

The INiTS incubator looks similar to the startup incubators we have in the U.S. It sure seems like incubators are hot in 2010!

I will attempt to get the amount of funding that TunesBag received from founder Hansjoerg Posch and will update the post once I get confirmation.