What is Smule?
Smule's mission is to democratize music creation, enabling anyone to connect globally through shared musical experiences, regardless of their talent level. The company develops a suite of popular music-based mobile applications, including Sing! Karaoke, AutoRap, and Magic Piano, fostering a vibrant community where users can express their creativity. By leveraging technology, Smule aims to unite people worldwide in the joy of making music together, positioning itself as a leader in the digital entertainment and social networking sectors.
How much funding has Smule raised?
Smule has raised a total of $176.5M across 11 funding rounds:
Series B
$3.9M
Series C
$8M
Unspecified
$12M
Unspecified
$16.6M
Private Equity
$26M
Debt
$12M
Private Equity
$22M
Private Equity
$54M
Unspecified
$20M
Series B (2009): $3.9M supported by Granite Ventures, Floodgate, and Bessemer Venture Partners
Series C (2009): $8M featuring Shasta Ventures, Bessemer Venture Partners, and Granite Ventures
Unspecified (2011): $12M backed by Bessemer Venture Partners, Shasta Ventures, and Granite Ventures
Unspecified (2014): $16.6M with participation from Granite Ventures, Roth Capital Partners, Shasta Ventures, and Bessemer Venture Partners
Private Equity (2015): $26M led by Bessemer Venture Partners, Shasta Ventures, and Adams Street Partners
Debt (2015): $12M supported by City National Bank
Private Equity (2016): $22M, investors not publicly disclosed
Private Equity (2017): $54M, investors not publicly disclosed
Unspecified (2018): $20M with participation from Times Bridge
Key Investors in Smule
Bessemer Venture Partners
Bessemer Venture Partners is a long-standing venture capital firm, established in 1911, with a global presence and a focus on supporting technology-driven companies through various stages of growth.
Shasta Ventures
Shasta Ventures is an early-stage venture capital firm founded in 2004, specializing in enterprise software startups and partnering with entrepreneurs to build impactful products.
Granite Ventures
Granite Ventures is a venture capital firm that invests in technology leaders, with a particular interest in companies within the payments and digital commerce sectors, supporting their expansion and innovation.
What's next for Smule?
The substantial enterprise-level backing Smule has received, particularly the recent strategic investment, indicates a phase of aggressive scaling and potential expansion into new markets or product development. This capital infusion is likely to fuel further innovation in its social music-making applications, enhance user engagement, and solidify its competitive advantage. Smule's continued ability to attract significant financing suggests a strong trajectory for growth and a promising future in the evolving landscape of digital music and social interaction.
See full Smule company page
