# Distributed Creation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/distributed-creation

- Industry: Software
- Headquarters: New York, US
- Website: www.splice.com
- Total disclosed funding: $212M
- Latest round: Series D (Feb 22, 2021)
- Investors on record: 14

## About

Founded in 2013 by Matt Aimonetti and Steve Martocci and based in New York, US, Distributed Creation Inc. doing business as Splice, designs and develops a technology platform for music creators that streamlines the process of creating and sharing music. The company’s CEO is Steve Martocci. In March 2019, the company raised $57.5 million in a Series C funding round from Union Square. In 2020, the company acquired music technology companies Audiaire and Superpowered. In February 2021, the company raised USD 55 million in series D funding led by new investor Goldman Sachs Merchant Banking Division.


The company provides Splice Studio, an AI-powered beat-making software platform for music producers. The platform allows artists to back up their music on the cloud, collaborate with fellow artists, create multiple versions of music, edit music using sample audio packs, rent-to-own plugins, share tracks, check the composition of other artist's songs, and create beats. The software also syncs every project save with the Splice Cloud and offers advanced features that allow users and collaborators to view and comment on music projects right from the timeline. The company’s platform is available in both browser and mobile devices. 


The company's client base includes artists, DJs and music celebrities such as Drake's producer Boi-1da and has 2.7 million users. The company has a subscription package of $7.99 for unlimited access and has 3 million musicians updating its library. 


The company’s future strategy is to expand its operations and business reach.

## Funding rounds

- Series D, Feb 22, 2021, $55M — Union Square Ventures, True Ventures, Flybridge Capital Partners, Goldman Sachs Asset Management, DFJ Growth
- Series D, Nov 25, 2020, $52M — Draper Fisher Jurvetson, Union Square Ventures, True Ventures, Flybridge Capital Partners, Lerer Hippeau Ventures, Founders Circle Capital
- Series C, Mar 20, 2019, $58M — Union Square Ventures, True Ventures, Flybridge Capital Partners, Goldman Sachs Asset Management, Lerer Hippeau Ventures, Founders Circle Capital, DFJ Growth, LionTree
- Series B, Aug 15, 2017, $35M — Draper Fisher Jurvetson, Union Square Ventures, True Ventures, Flybridge Capital Partners
- Series A, Oct 13, 2016, $5M — Union Square Ventures, True Ventures, Flybridge Capital Partners
- Seed, Jan 6, 2016, $0.7M — Union Square Ventures, True Ventures, WME Ventures, Plus 8 Equity
- Seed, Aug 20, 2014, $4.1M — Union Square Ventures, True Ventures, WME Group, LLC, WME Ventures, Plus 8 Equity
- Seed, Oct 7, 2013, $2.8M — Union Square Ventures, True Ventures, First Round Capital, SV Angel, Lerer Hippeau Ventures

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Seed, Series A, Series B, Series C, Series D
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A, Series B, Series C, Series D
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Lerer Hippeau Ventures — Seed, Series C, Series D
- WME Group, LLC — Seed
- WME Ventures (https://capitalatlas.ai/funds/wme-ventures) — Seed
- Plus 8 Equity (https://capitalatlas.ai/funds/plus-8-equity) — Seed
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series A, Series B, Series C, Series D
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B, Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C, Series D
- Founders Circle Capital (https://capitalatlas.ai/funds/founders-circle-capital) — Series C, Series D
- DFJ Growth (https://capitalatlas.ai/funds/dfj-growth) — Series C, Series D
- LionTree (https://capitalatlas.ai/funds/liontree) — Series C