What is Splice?
Founded in 2013, Splice has established itself as a transformative force in the music industry by digitizing the creative workflow. The company provides an expansive, browsable library of high-quality samples and pioneered the rent-to-own plugin model, effectively lowering the barrier to entry for professional-grade production tools. By fostering an open music ecosystem, Splice empowers over two million artists, ranging from bedroom producers to chart-topping hitmakers, to collaborate and innovate without technical friction.
The platform's market position is defined by its predictive approach to artist needs, ensuring that its product suite evolves alongside the rapidly changing demands of digital music creation. By integrating community-driven features with robust cloud-based infrastructure, Splice has successfully positioned itself as an essential utility for the modern musician, driving significant value through its unique blend of content and software-as-a-service offerings.
How much funding has Splice raised?
Splice has raised a total of $154.8M across 5 funding rounds:
Angel/Seed
$2.8M
Series A
$4.5M
Series B
$35M
Series C
$57.5M
Series D
$55M
Angel/Seed (2013): $2.8M with participation from CODE Advisors, Lerer Hippeau Ventures, True Ventures, Union Square Ventures, First Round Capital, and SV Angel
Series A (2014): $4.5M led by True Ventures, Union Square Ventures, William Morris Endeavor Entertainment, LLC, AM Only, and Plus Eight Equity Partners
Series B (2017): $35M supported by DFJ Venture Capital, Flybridge Capital Partners, True Ventures, and Union Square Ventures
Series C (2019): $57.5M featuring Flybridge Capital Partners, Lerer Hippeau, Founders Circle Capital, LionTree, Matt Pincus, Draper Associates, True Ventures, and Union Square Ventures
Series D (2021): $55M backed by GS Growth Partners
Key Investors in Splice
True Ventures
True Ventures is a founder first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance and a strong community to help build enduring technology and artificial intelligence driven companies.
Union Square Ventures
Union Square Ventures is a New York City-based venture capital firm that invests in transformative markets influenced by technological and societal changes, focusing on innovative companies poised for growth.
Flybridge Capital Partners
Flybridge is an early-stage venture capital fund with over 20 years of investing experience, specializing in AI-native startups across various domains including vertical SaaS and data infrastructure.
What's next for Splice?
With the support of its latest major strategic investment, Splice is well-positioned to accelerate its product roadmap and deepen its penetration into the enterprise music sector. The company is expected to focus on enhancing its AI-driven discovery tools and expanding its collaborative features to further solidify its role as the central hub for global music production.
Looking ahead, the strategic focus will likely shift toward scaling its infrastructure to support a growing user base while exploring new partnerships within the entertainment and technology sectors. By leveraging its existing data assets and strong community engagement, Splice aims to redefine the standards of music creation, ensuring that its platform remains the primary destination for artists seeking to streamline their creative process and reach new audiences.
