Investors are still betting on Napster despite the fact that the MP3 file-trading company is facing multiple lawsuits and is mired in controversy. The company announced on Monday (5/22) that it had raised $15 million to aid in the growth of its controversial business in a recent funding round.

The company also announced that Hank Barry and John Hummer--both of Hummer Winblad Venture Partners, a venture capital firm that led the funding round--will join Napster's Board of Directors. In addition, Barry will become the company's new interim CEO. He replaces Eileen Richardson, the company's interim CEO for the past nine months, who will continue to serve in an advisory role.

Napster's announcement comes in the midst of two copyright infringement lawsuits filed against the company by Metallica and Dr. Dre. Last week, both artists delivered to the company lists of users who, the artists claim, are illegally downloading their music via Napster's software.