# Smule

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smule

- Industry: Software
- Headquarters: Salt Lake City, US
- Website: www.smule.com/
- Total disclosed funding: $177M
- Latest round: Series I (Apr 4, 2019)
- Investors on record: 9

## About

Smule, Inc., based in the US, is a prominent music application developer known for its innovative karaoke platform that connects users to perform and share music with a global audience.Founded in 2008 in Salt Lake City, US, Smule, Inc. specializes in creating a unique social karaoke experience. The company has raised a total of USD 11.32 mn through 12 deals, with the latest funding round being Series I on April 4, 2019, backed by Times Bridge. The company is led by CEO Jeffrey Smith, and there are no reported changes in business strategy or operations.Smule is a leading social karaoke platform that allows users to sing and share performances across a global community. The core product offering includes access to over 14 million karaoke songs, complete with scrolling lyrics and video animations, catering to a diverse user base of all skill levels. Users can engage in solo performances, collaborate in duets, or join group sessions, offering flexibility in how karaoke is enjoyed. Smule's services are designed to enhance the singing experience by providing professional audio effects, enabling users to achieve studio-quality recordings. This functionality is accessible on both iOS and Android devices, positioning the company to serve a broad international market including North America, Europe, and Asia, where karaoke culture is prevalent.Smule generates revenue primarily through subscription models, offering VIP memberships that grant users unlimited access to songs and features without ad interruptions. Users can subscribe to monthly or annual plans to enhance their karaoke experience. The pricing for VIP subscriptions reflects the platform's value proposition, allowing users to enjoy an extensive library of songs alongside premium recording tools. By focusing on user engagement and community building, Smule establishes a strong revenue stream that aligns with its flagship karaoke services and related offerings.Following the most recent funding round on April 4, 2019, in which Smule, Inc. raised USD 11.32 mn, the company plans to leverage these funds for product development and expanding its market reach. Smule is focused on designing new features to enhance user engagement and is actively looking to expand into new geographic markets, particularly in Asia and Europe, by 2024.

## Funding rounds

- Series I, Apr 4, 2019, $11M — Times Bridge
- Series I, Sep 28, 2018, $21M — Times Bridge
- Series H, May 4, 2017, $54M — Adams Street Partners, Shasta Ventures, Bessemer Venture Partners, Tencent Investment, Floodgate, Franklin Templeton
- Series G, Jun 1, 2016, $22M — Adams Street Partners, Shasta Ventures, Granite Ventures, Bessemer Venture Partners
- Series F, Apr 9, 2015, $26M — Adams Street Partners, Shasta Ventures, Bessemer Venture Partners
- Series E, Apr 1, 2014, $17M — Shasta Ventures, Granite Ventures, Bessemer Venture Partners, Roth Capital Partners
- Series D, Oct 28, 2011, $12M — Shasta Ventures, Granite Ventures, Bessemer Venture Partners
- Series C, Dec 15, 2009, $8M — Shasta Ventures, Granite Ventures, Bessemer Venture Partners
- Series B, Feb 10, 2009, $4M — Granite Ventures, Bessemer Venture Partners, Floodgate
- Series A, Oct 10, 2008, $1.3M — Bessemer Venture Partners
- Series A, Jul 25, 2008, $0.3M — Bessemer Venture Partners

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C, Series D, Series E, Series F, Series G, Series H
- Granite Ventures (https://capitalatlas.ai/funds/granite-ventures) — Series B, Series C, Series D, Series E, Series G
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Series B, Series H
- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Series C, Series D, Series E, Series F, Series G, Series H
- Roth Capital Partners — Series E
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series F, Series G, Series H
- Tencent Investment — Series H
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series H
- Times Bridge (https://capitalatlas.ai/funds/times-bridge) — Series I