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.
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
|