Leading global interactive music platform Yousician has reportedly closed a Series B funding round worth $28 million, for its GuitarTuna and Yousician platforms. This latest funding round brings the company’s total funds raised to over $35 million.
Yousician is focused on reimagining music education by using interactive methods to help users learn to sing and play instruments like bass, piano, guitar and ukulele. The Yousician family also includes GuitarTuna, the world’s first instrument tuner. The GuitarTuna and Yousician platforms are used by more than 20 million people worldwide each month, and in 2020, registered a total revenue of $50 million.
True Ventures, a Silicon Valley-based venture firm served as the lead investor, alongside new investors in the round such as MPL Ventures LLP and Amazon's Alexa Fund. The recent round also included angel investors like LAUNCH Fund founder, Jason Calacanis; Trivago co-founder, Rolf Schrömgens; Zynga founder, Mark Pincus; executive chairman of Blue Bottle Coffee Company, Bryan Meehan; Cooler Future founder, Moaffak Ahmed; Unity Technologies founder, David Helgason; and The Shortcut co-founder and CEO, Anne Badan.
According to True Ventures’ co-founder Jon Callaghan, Yousician has been among the leading music instruction platforms for almost 10 years, and people, especially in present times, have been turning increasingly towards music and creativity with renewed enthusiasm. He further expressed his pride at supporting Yousician and its team, which brings the excitement and joy of playing instruments to more families and homes.
Yousician will apparently use the new funding for further development of its product portfolio, in order to enhance its user journey and undertake important new hires. Also, the funding will help the company invest both in brand marketing, as well as in partnerships with world-class artists, who will be invited into the fold to guide budding musicians across the globe.
Yousician CEO and co-founder Chris Thür stated that this funding is an exciting event for both the company as well as aspiring musicians worldwide, as it will give investors a deeper understanding of the company’s objective and efforts.