New York-based collaboration company Splice has secured $57 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced March 20 and led by True Ventures.
According to its Crunchbase profile, "Splice enhances the creative process for musicians and producers, so they can focus on what matters: making music. Currently in public beta, 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 six-year-old company has raised four previous funding rounds, including a $35 million Series B round in 2017.
The round brings total funding raised by New York companies in media and entertainment over the past month to $261 million. The local media and entertainment industry has produced 137 funding rounds over the past year, yielding a total of $3 billion in venture funding.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
