[ Smule raises $54M in Series H ]

Smule has raised $54 million in Series H funding.

Founded in 2008, Smule is a social media music company, specializes in developing social music-making applications for smartphones. It has 52 million monthly active users.

The company will use the new financing  to fuel international growth. The deal will help Smule expand its foothold in Asia and puts it on course for an initial public offering that could come as soon as within the next year and a half.

Funding  Series H
Founded  2008
Country  USA
City  San Francisco, California
Founder / CEO  Jeff Smith
Deal Size   $54M
Investors  Tencent Holdings
 Bessemer Venture Partners
 Adams Street Partners
Previous Investors  Shasta Ventures
 500 Startups
 Cherry Tree Investments
 City National Bank
 FLOODGATE
 Granite Ventures
 ROTH Capital Partners
 Bessemer Venture Partners
 Adams Street Partners

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