Smule raises $16.6 million
Smule has raised $16.6 million in funding led by Roth Capital Partners with participation from Bessemer Venture Partners, Shasta Ventures, and Granite Ventures. Smule has now raised a total of $42 million.
Smule is known for building music-related apps for smartphones. Some of their apps include ocarinas, guitars, pianos, and karaoke.
Smule launched a new service called Smule Nation last year, which allows users to share their performances. The number of users doubled to around 18 million. Its sales have doubled and is expected to hit a $30 million run rate this year.