Smule was founded in 2008 by Jeff Smith and Ge Wang. The company has expressed its intent to pursue an public offering, but has not disclosed official plans. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Smule is the developer of a family of music-based mobile apps including Smule, Ocarina, AutoRap, Guitar!, and I Am T-Pain. In 2011, the company acquired Khush, another musical app developer. Smule has raised more than $170 million in venture capital funding from investors including Times Bridge, Tencent, Shasta Ventures, Floodgate, Cherry Tree Investments, Adams Street Partners, and Bessemer Venture Partners. The company has been valued at $604 million.

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Will Smule go IPO?

Smule has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Smule’s IPO price?

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When was Smule founded?

Smule was founded in 2008.

What is Smule funding to date?

Smule has raised $197.43MM to date.

Smule Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
11/10/2022 Series J $14.17MM $xx.xx $1.3B Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
944,643
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
2.7%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
10/17/2018 Series I $31.82MM $xx.xx $820.91MM Times Bridge
Price per Share
$xx.xx
Shares Outstanding
3,121,893
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.9%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Times Bridge
05/17/2017 Series H $56.99MM $xx.xx $655.21MM Adams Street Partners, Bessemer Venture Partners, Floodgate, Franklin Templeton, Shasta Ventures, Tencent
Price per Share
$xx.xx
Shares Outstanding
6,700,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1.7
Key Investors
Adams Street Partners, Bessemer Venture Partners, Floodgate, Franklin Templeton, Shasta Ventures, Tencent
06/16/2016 Series G $22.19MM $xx.xx $466.57MM Adams Street Partners, Bessemer Venture Partners, Cherry Tree Investments, Granite Ventures, Roth Capital Partners
Price per Share
$xx.xx
Shares Outstanding
3,083,323
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.1%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2
Key Investors
Adams Street Partners, Bessemer Venture Partners, Cherry Tree Investments, Granite Ventures, Roth Capital Partners
04/23/2015 Series F $30MM $xx.xx $324.62MM Adams Street Partners, Bessemer Venture Partners, Shasta Ventures
Price per Share
$xx.xx
Shares Outstanding
5,474,053
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2
Key Investors
Adams Street Partners, Bessemer Venture Partners, Shasta Ventures
04/10/2014 Series E $16.64MM $xx.xx $196.8MM Bessemer Venture Partners, Granite Ventures, Roth Capital Partners, Shasta Ventures
Price per Share
$xx.xx
Shares Outstanding
4,584,168
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2
Key Investors
Bessemer Venture Partners, Granite Ventures, Roth Capital Partners, Shasta Ventures
10/31/2011 Series D $12.05MM $xx.xx $108.8MM Bessemer Venture Partners, Granite Ventures, Shasta Ventures
Price per Share
$xx.xx
Shares Outstanding
5,543,289
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.8%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2
Key Investors
Bessemer Venture Partners, Granite Ventures, Shasta Ventures
12/16/2009 Series C $8MM $xx.xx $52.64MM Bessemer Venture Partners, Granite Ventures, Shasta Ventures
Price per Share
$xx.xx
Shares Outstanding
6,451,612
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.1%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2
Key Investors
Bessemer Venture Partners, Granite Ventures, Shasta Ventures
02/12/2009 Series B $3.9MM $xx.xx $18.45MM Bessemer Venture Partners, Granite Ventures
Price per Share
$xx.xx
Shares Outstanding
6,356,970
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.1%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2
Key Investors
Bessemer Venture Partners, Granite Ventures
10/10/2008 Series A $1.67MM $xx.xx $5.56MM 500 Startups, Bessemer Venture Partners, Maple Investment
Price per Share
$xx.xx
Shares Outstanding
4,170,732
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.5%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2
Key Investors
500 Startups, Bessemer Venture Partners, Maple Investment
Updated on: Dec 13, 2024

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