Splice garnered new subscriptions and upped its offering to $5.25 million

For more information visit www.XDATA.co
Change: offered +17% / raised +16% / placed 90%
XDATA – January 7th 2016
Splice‘s $4.5 million equity financing round increased by 17% to cap at $5.25 million. An additional $650,000 worth of securities was placed by the company with three investors since the company last released data in September 2014. This brings to $4.75 million the amount raised from the fourteen backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. Up to now Splice had raised an estimated $2.75 million in unregistered securities via one financing round.
Splice markets and develops a cloud-based platform for music creation, collaboration and sharing. Investors include True Ventures, Scooter Braun, Tiësto, Steve Angello, AM Only, WME, Eight Equity, Union Square Ventures, Lerer Ventures, First Round Capital, SV Angel, and Box Group.
The company, headquartered in New York NY, is led by Matthieu Aimonetti (President). Splice elected to keep its revenues undisclosed.
The board of directors includes Adam D’Augelli, Andrew Weissman, Jared Hecht and Steve Martocci.The company has raised an estimated total of $7.5 million via private unregistered security offerings.Splice is registered under the name Distributed Creation.
Offering recap
Status: Intermediary close
Company: Splice
Industry: Other Technology
Amount offered: $5.25 million
Amount placed: $4.75 million
SEC filing: Source
First sale: 08-20-2014
Data as of: 01-06-2016

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