Splice raises $55m funding round valuing company at $500m


Having become one of the key services (and communities) for music makers, Splice is raising money again.

The company has raised a $55m funding round from investors Goldman Sachs and Music – the latter being the investment company of Songs Music Publishing founder Matt Pincus.

According to Bloomberg, the round valued Splice at nearly $500m, and took its total funding so far to more than $150m. The piece gives the latest stats from Splice too: four million monthly users who access more than 400m samples from its library every month.

The funding comes after a year (2020) when Splice appointed its first chief music officer, Maria Egan; acquired audio technology startup Superpowered; and paid out $11m in royalties to the creators of its samples over the first nine months of the year.

Written by: Stuart Dredge