Christian P. Pewitt Blogs: Splice Raises $35 Million To Expand Digital Hub For Musicians, $5 Million Paid To Creators

Friday, December 15, 2017

Splice Raises $35 Million To Expand Digital Hub For Musicians, $5 Million Paid To Creators

Four years after launching, online music creators hub Splice announced that it has paid out $5 million to artists, as well as, completed a new $35 million funding round to expand the service. One of the samples available from Splice even anchored “Sorry Not Sorry,” the #1 hit for Demi Lovato last summer.

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Hear the "snap" that kicks in around the 29-second mark of “Sorry Not Sorry,” the #1 hit for Demi Lovato, and repeats throughout the song? Producer Oak Felder got that sample from Splice, as part of a monthly subscription he has with the online service.

Splice has just raised $35 million in new funding let by DFJ Growth to expand. The company previously raised $12.25 million in three rounds.

Splice streamlines the process of creating and sharing music by bringing all of the steps into a single digital home. The Splice community also provides artists with a new means to connect with fans and other artists to solicit feedback throughout the creative process.

One of Splice's most popular features is a legal sample subscription service that costs between $8 and $30 a month, and comes with no strings or royalties attached. Since launching four years ago, Splice has paid $5 million to creators.

Founded by entrepreneurs Steve Martocci and Matt Aimonetti, Splice is headquartered in New York, NY, with an office in Los Angeles.