According to FINSMES, Smule raised $54M in a financing round. The round was led by Tencent, which joined existing investors including Adams Street Partners, Bessemer Ventures, Floodgate, Franklin Templeton, and Shasta Ventures.

Founded in 2008, Smule has created a social network for musical performance powered by a family of award winning mobile applications including Ocarina, Magic Piano, Sing! Karaoke, Guitar! and AutoRap. Smule is changing the industry, transforming music from a passive to an engaging experience where every fan is a musician. On a typical day, Smule's community will play and sing over 12 million songs and upload over a terabyte of their performances to the Smule network. Over 300 million people across seven continents have used Smule's products.