Talent agencies William Morris Endeavor (WME) and AM Only may have exited Splice, a US-based music production software provider that just raised $55m at a valuation reported by Bloomberg as nearly $500m.
Investment bank Goldman Sachs’ Growth subsidiary led the series D round, which included Music, a joint venture between Matt Pincus, the owner of music publisher Songs, and investment bank Liontree.
The company identified Union Square Ventures (USV), True Ventures, DFJ Growth and Flybridge as its other investors, in a blog post announcing the round, omitting mention of its early corporate backers.
Splice provides digital music creation software in addition to royalty-free samples from artists, producers and sound designers. It had raised almost $100m as of a $57.5m series C round in early 2019.
The round was co-led by USV and True Ventures and also featured Flybridge Capital, DFJ Growth, Lerer Hippeau and Founders Circle Capital, Liontree and Matt Pincus.
AM Only and WME were among the investors in a $4.5m series A round for Splice in 2014 alongside True Ventures, USV and various individuals. USV and True Ventures had already backed its 2013 seed round along with BoxGroup, SV Angel and Lerer Ventures (now Lerer Hippeau).
