What is Splice?
Splice is at the forefront of transforming how musicians create, connect, and collaborate. Founded in 2013 by Steve Martocci and Matt Aimonetti, the company anticipates and addresses the future needs of musicians, not just their current demands. Its platform features a browsable library of samples and offers pioneering rent-to-own plugin plans, thereby powering the creative workflow for over two million musicians globally, from chart-topping artists to emerging producers. Splice's core mission is to foster an open music ecosystem that benefits all participants, enabling artists to initiate or overcome creative blocks and advance their musical projects. The company's substantial investment history, including a Series D round, indicates its robust growth and market position in the competitive music technology landscape.
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 Lerer Hippeau Ventures, First Round Capital, SV Angel, CODE Advisors, True Ventures, and Union Square Ventures
Series A (2014): $4.5M led by Plus Eight Equity Partners, William Morris Endeavor Entertainment, LLC, True Ventures, Union Square Ventures, and AM Only
Series B (2017): $35M supported by DFJ Venture Capital, Flybridge Capital Partners, True Ventures, and Union Square Ventures
Series C (2019): $57.5M featuring Founders Circle Capital, Matt Pincus, Flybridge Capital Partners, LionTree, True Ventures, Union Square Ventures, Lerer Hippeau, and Draper Associates
Series D (2021): $55M backed by GS Growth Partners
Key Investors in Splice
GS Growth Partners
GS Growth Partners is an investment firm that provides capital for growth-stage companies. Their involvement in Splice's Series D funding indicates a focus on established companies with proven business models and significant market traction.
Lerer Hippeau Ventures
Lerer Hippeau is a venture capital firm focused on investing in innovative startups, particularly in the early stages such as Seed and Pre-Seed rounds. They aim to support founders with great ideas who are willing to tackle challenging problems, fostering long-term success through their expertise as former operators.
First Round Capital
First Round Capital is a venture capital firm that invests in innovative startups across various sectors. The company focuses on supporting entrepreneurs and helping them achieve significant results, with a notable track record of successful IPOs and acquisitions.
What's next for Splice?
With substantial enterprise-level backing and a recent major strategic investment, Splice is well-positioned for accelerated growth and innovation. The company's trajectory, marked by consistent funding rounds from Seed to Series D, suggests a strategic focus on expanding its product offerings, enhancing its platform capabilities, and further solidifying its community of over two million musicians. Future developments are likely to involve deeper integration of AI in creative tools, broader accessibility of its rent-to-own plugin plans, and continued expansion of its sample library. This sustained capital infusion will enable Splice to reinforce its vision of an open music ecosystem, driving further advancements in music creation technology and supporting a thriving global community of artists.
See full Splice company page
