Smule Raises $12M Round As It Continues Hiring Spree

Social music app developer Smule has raised $12M in another round of funding after having previously raised $13.5. Best known for its popular mobile apps such as the I am T-Pain autotune app and Ocarina, Smule will aggressively pursue the mobile social music market by continuing to innovate on its existing free-to-play apps. More after the jump.

According to a recent SEC filing, this round of funding was led by Shasta Ventures with participation from Granite and Bessemer Ventures and a partner at Shasta, Jason Pressman, will be joining Smule’s board of directors.

Smule has been around the block for a while, making a name of itself by launching high quality social music apps such as the Magic Piano app that has been downloaded to over 5M iOS devices.

“This gives us some confidence we should put our foot on the gas,” Smule co-founder and chief executive officer Jeff Smith told VentureBeat. Smith said the money will go towards a rapid push to expand its team with more engineers, more product and creative teams, more marketing managers and more business analysts.

Smule was founded by Smith and Dr. Ge Wang in 2008. Dr. Wang is a also a Stanford professor at the Center for Computer Research in Music and Acoustics. Smule’s flagship product is its Sonic Network technology that delivers a social experience by allowing users to create music together and share with the community. Over 200M songs have been created as a result of Smule’s products.

Smule has raised $25.7M to date and is confidently on its stride to double its staff size in 2011. Back in January the company reported having 23 employees and had just hired Justin Maxwell of Mint.com. Congratulations to the team!

 

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