There’s a killer sentence in Business Insider’s news story last week on Crowdmix’s CEO Ian Roberts leaving the social-music startup:

“Crowdmix still hasn’t publicly launched, despite existing since 2014, having over 150 staff members, and raising over £14 million in funding.”

Roberts’ departure and BI’s claim that staff were paid their May salaries late sound worrying for Crowdmix, which launched an invite-only version of its app in beta last month, shortly after laying off 8% of its staff.

“As Crowdmix moves towards the public launch of its app following a successful invite-only private beta, its co-founder and CEO, Ian Roberts, has left the business,” said a spokesperson for Crowdmix, before addressing the financial rumours.

“Crowdmix is currently raising a fourth round of investment which is expected to be completed in the coming days.” Co-founder Gareth Ingham is taking the CEO role.

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