Companies · Other Technology

Smule, Inc.

Salt Lake City · Other Technology

Diligence memoA one-page analyst read on Smule, Inc. — recommendation, valuation, rhythm, risks.
$185.1M
Total raised · real
8
Rounds
0.7×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Thu Nov 10 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Smule, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.33× the median modeled value of Series C Other Technology companies in 2022–2024 (187 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.6 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

Smule, Inc. is one of 21292 Other Technology companies tracked from Salt Lake City. By capital raised it ranks among the largest (ahead of 98% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
35
Investors (latest)
2022-11-10
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries A · 2009-12-15 Raised $8.0M (real) Modeled valuation $222M (est)Series A2009Series A · 2011-10-28 Raised $12M (real) Modeled valuation $333M (est)Series A2011Series B · 2014-04-01 Raised $17M (real) Modeled valuation $507M (est)Series B2014Series B · 2015-04-09 Raised $26M (real) Modeled valuation $793M (est)Series B2015Series B · 2016-06-01 Raised $22M (real) Modeled valuation $670M (est)Series B2016Series C · 2017-05-04 Raised $54M (real) Modeled valuation $1.7B (est)Series C2017Series C · 2018-09-28 Raised $32M (real) Modeled valuation $1.0B (est)Series C2018Series B · 2018-09-28 Raised $21M (real) Modeled valuation $624M (est)Series B2018Series C · 2022-11-10 Raised $14M (real) Modeled valuation $218M (est)Series C2022+$12M+$17M+$26M+$22M+$54M+$32M+$21M+$14MCumulative $206M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$8.0M · 2009
Series A extension$12.0M · 2011
Series B$16.6M · 2014
Series B extension$26.0M · 2015
Series B extension$22.0M · 2016
Series C$54.4M · 2017
Series C extension$31.8M · 2018
Bridge · Series C-stage$20.5M · 2018smaller follow-on
Series C extension$14.2M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$217.6M
Base estimate est.
$53.7M
Conservative case
$414.3M
Upside case
$94.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $221.9M · 2009-12-152009Series A · modeled $332.9M · 2011-10-28Series B · modeled $506.8M · 2014-04-01Series B · modeled $793.2M · 2015-04-09Series B · modeled $670.2M · 2016-06-01Series C · modeled $1.7B · 2017-05-04Series C · modeled $1.0B · 2018-09-28Series B · modeled $624.3M · 2018-09-28Series C · modeled $217.6M · 2022-11-102022
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
3.6 yr
Elapsed time used
3.6 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$14.3M/yr
Capital velocity
16.5 yr
On record since
2009
First round
9
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 58× above median
This company$185.1M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.3× of median
This company$14.2M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 5.8× above median
This company$217.6M
Sector median$37.3M

Raised more than 98% of sector peers (real $). Modeled value above 84% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #159 of 187.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)LinkSquares, Inc. · Series C Raised $160.2M · modeled $1.9B (est)Semperis Ltd. · Series C Raised $130.0M · modeled $1.8B (est)Veev Group, Inc. · Series C Raised $94.5M · modeled $1.8B (est)GPI Acquisitions, Inc. · Series C Raised $175.0M · modeled $1.7B (est)DVX Ventures LLC · Series C Raised $119.8M · modeled $1.5B (est)Ncr Corp · Series C Raised $73.7M · modeled $1.5B (est)RelationalAI, Inc. · Series C Raised $74.0M · modeled $1.4B (est)Nantero Inc · Series C Raised $172.9M · modeled $1.4B (est)MoEngage, Inc. · Series C Raised $172.2M · modeled $1.4B (est)H2scan Corp · Series C Raised $83.2M · modeled $1.4B (est)ITsavvy Holdings, LLC · Series C Raised $81.4M · modeled $1.4B (est)Coherent Group Inc. · Series C Raised $74.0M · modeled $1.3B (est)Smule, Inc. (this company) Raised $185.1M · modeled $217.6M (est)Smule, Inc.
CompanyStageRaised · realValue · estvs peer med.
LinkSquares, Inc.Series C$160.2M$1.9B2.80×
Semperis Ltd.Series C$130.0M$1.8B2.74×
Veev Group, Inc.Series C$94.5M$1.8B2.71×
GPI Acquisitions, Inc.Series C$175.0M$1.7B2.47×
DVX Ventures LLCSeries C$119.8M$1.5B2.27×
Ncr CorpSeries C$73.7M$1.5B2.19×
RelationalAI, Inc.Series C$74.0M$1.4B2.07×
Nantero IncSeries C$172.9M$1.4B2.06×
MoEngage, Inc.Series C$172.2M$1.4B2.05×
H2scan CorpSeries C$83.2M$1.4B2.03×
ITsavvy Holdings, LLCSeries C$81.4M$1.4B2.03×
Coherent Group Inc.Series C$74.0M$1.3B2.02×
Smule, Inc. this companySeries C$185.1M$217.6M0.33×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$8.0M2009-12-15$36.4M$221.9M85%
Series A$12.0M2011-10-28$54.5M$332.9M85%
Series B$16.6M2014-04-01$92.4M$506.8M85%
Series B$26.0M2015-04-09$144.7M$793.2M85%
Series B$22.0M2016-06-01$122.3M$670.2M85%
Series C$54.4M2017-05-04$363.0M$1.7B90%
Series C$31.8M2018-09-28$212.2M$1.0B90%
Series B$20.5M2018-09-28$113.9M$624.3M90%
Series C$14.2M2022-11-10$94.5M$217.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$8.0M2009-12-15
    • First recorded raise — entered as Series A.
    • 4 investors on this round.
  2. Series A$12.0M2011-10-28
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Series B$16.6M2014-04-01
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 20 investors on this round.
  4. Series B$26.0M2015-04-09
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
  5. Series B$22.0M2016-06-01
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  6. Series C$54.4M2017-05-04
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 12 investors on this round.
  7. Series C$31.8M2018-09-28
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  8. Series B$20.5M2018-09-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  9. Series C$14.2M2022-11-10
    • Raised again after 49 mo — slower than the ~13 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 35 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~19mo cadence
$14.2M
Modeled next size est.range $14.2M$22.7M
0.7×
Last step-up
$14.3M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
JEFF SMITH16 other2009-12
GREGORY SMITH12 other2011-10
Jason Pressman12 other2011-10
David Cowan10 other2011-10
Mark Thompson8 other2011-10
Thomas Ryan4 other2011-10
Betsey Nelson2 other2018-09
Standish O'Grady2 other2022-11
Bill Bradford1 other2018-09
Ken Rudin1 other2018-09
Betsey Carlos Nelson2016-06
Buwang Xia2022-11
Christopher Carlos Hollenbeck2014-04
Christopher Hollenbeck2011-10
David Carlos Cowan2014-04
David Carlos Welsh2015-04
Ge Wang2011-10
Gregory Carlos Smith2014-04
Jason Carlos Pressman2014-04
Ken Carlos Rudin2016-06
Laurent Saurel2022-11
Luanne Calvert2022-11
Mark Carlos Thompson2014-04
Michael Carlos Zappert2017-05
Registry & provenance

Smule, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1441408
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
OPAC Smule LLCOther TechnologyPre-Seed$3.1M91%
SMBX, Inc.Other TechnologySeries A$210.9M90%
Smylen, Inc.Other TechnologySeed$83.8M89%
Smpl-C, Inc.Other TechnologyPre-Seed$798K85%
Bay Area SM&T, Inc.Other TechnologySeries A$69.1M84%
Masalsa Inc.Other TechnologySeed$23.0M83%
Mosyle CorpOther TechnologySeries D+$3.3B83%
GigFinesse, Inc.Other TechnologySeries A$33.3M82%
Frequently asked
How much funding has Smule, Inc. raised?
Smule, Inc. has raised approximately $185.1M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Smule, Inc.'s estimated valuation?
Provath's modeled valuation for Smule, Inc. is approximately $217.6M (modeled range $53.7M–$414.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Smule, Inc. at?
Smule, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Nov 10.
What does Smule, Inc. do and where is it based?
Smule, Inc. operates in the Other Technology sector, based in Salt Lake City.
Explore related

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