Eclectic Radio lands funding from investors

BOULDER — Boulder’s Eclectic Radio, a consortium of Internet radio stations, has landed a “substantial” round of seed financing from several investment firms and individuals.

Although the amount is undisclosed, Eclectic’s Founder Joe Pezzillo says it’s between $500,000 and $2 million, “and it’s not at the low end of that range.”

The financing comes from Boulder-based Roser Ventures, Denver’s Wolf Ventures, IHatch in New York City, and private investors Bob Greenlee, Ray Skibitsky, Perry Evans, all from Boulder. Investing in the Internet is a huge gamble for venture capitalists, as the virtual market fluctuates wildly.

Skibitsky, spokesman for the investor group and…