Smule Calls Up $12M in Fresh Capital

Music app maker Smule Inc. has raised $12 million in new venture financing, according to a regulatory filing. The company, based in Palo Alto, Calif., is behind music apps including “I am T-Pain” and “Glee Karaoke.” Smule is backed by investors including Shasta Ventures, Granite Ventures and Bessemer Ventures. The company’s board includes Granite Ventures’ Christopher Hollenbeck, Bessemer’s David Cowan and Shasta Ventures’ Jason Pressman.

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