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Smule, maker of Sing! Karaoke and other social new music applications, announced yesterday that it has raised $fifty four million in a round led by Chinese organization Tencent.

Adams Road Associates, Bessemer Ventures, Floodgate, Franklin Templeton and Shasta Ventures also participated in the funding. Reuters claimed that the round valued the organization at $604 million, setting up Smule to broaden in Asia and potentially to go community.

Founded in 2008, Smule’s applications enable end users to share unique varieties of musical performances with other folks, and the organization says it now has fifty two million regular monthly lively end users. CEO Jeff Smith has said his vision is to “establish a social community close to new music” whilst also serving to to endorse new music.

Tencent, in the meantime, is the maker of the well-known WeChat application, and it’s also been investing in new music and user-produced written content.

Highlighted Impression: Get-Initiative/Getty Images

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