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Splice Raises $2.75M Seed Round

2013-10-09
NEW YORK, NY, Technology platform for music creators, today announced it has raised $2.75 million in its seed round of funding.
Splice, a technology platform for music creators, today announced it has raised $2.75 million in its seed round of funding led by Union Square Ventures with participation from True Ventures, Lerer Ventures, SV Angel, First Round Capital, Code Advisors, Rob Wiesenthal, David Tisch and Seth Goldstein. Splice is co-founded by Steve Martocci, who previously co-founded the group messaging service GroupMe, and Matt Aimonetti, formerly of LivingSocial and Sony PlayStation.

Currently in private beta, Splice streamlines the process of creating, saving and sharing music by introducing collaboration and version control techniques to the powerful digital audio workstations currently used by musicians.

Working alongside professional tools like Ableton Live, Splice solves the tedious process of file management, backup, and sample management through understanding the building blocks of a track - its DNA. The platform exposes artists to a world where they are free to manipulate the musical DNA, go back in time, share to a network of creators for collaboration and feedback, and publish directly to fans.

Until now, the Splice team has been working closely with a select number of artists spanning diverse genres including electronic dance music (EDM), hip hop and rock to get feedback on the initial product. Today, Splice opens up a community site, blog and a waitlist for the private beta at www.splice.com.

'So many of the improvements in music technology are focused on creating sound and the live experience,' said Steve Martocci, co-founder, Splice. 'Little time has been spent on improving musician workflows, which has led to an antiquated and fragmented process.'

'As programmers, we have a large array of tools available for us to develop and understand code, by applying the same principles to the music creation process, we can empower artists and fans to redefine the way music is created and consumed,' said Matt Aimonetti, co-founder, Splice.

Andy Weissman, partner at Union Square Ventures, will join the Splice board of directors. He brings his extensive experience in technology-focused venture capital, and has played an instrumental role in funding companies in the digital media and music technology spaces.

'Splice is designed to enhance the musical creation process,' said Weissman. 'It will assist artists with a set of tools inserted into the very creation process that can take music, iterate it, break it down, and fork it, as developers might do with code. After the creation process, they can then collaborate by sharing sounds, stems and components with others.'

To join the Splice community and request an invitation to join the Splice private beta, please visit www.splice.com.

About Splice

Splice streamlines the fragmented process of creating and sharing music, freeing musicians to spend their time and energy on the creative process. Splice simplifies music creation by bringing all of the steps into one, frictionless digital home. The Splice community provides artists with a new means to connect with fans and other artists to solicit feedback throughout every step of the creative process - from ideation to the finished product. Founded by entrepreneurs Steve Martocci and Matt Aimonetti, Splice is headquartered in New York, NY, with an office opening soon in Los Angeles, CA. For more information, please visit: www.splice.com.
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