The makers of Just Sing It have announced that they raised $1 million in funding.
I wrote about the app when it launched earlier this month. At the time, CEO Alec Andronikov told me that his vision is to create a truly addictive social experience '� users don't just share karaoke performances, they actually play a game where they have to guess what the other person is singing, and they can win virtual coins that unlock additional content. Ultimately, he said he wants to use karaoke as the hook for a broader social platform.
In the first two weeks since launch, Andronikov said the app was installed 80,000 times. It reached No. 1 in the App Store's music category, and its users are pretty active, having recorded a total of 500,000 performances during that period. Oh, and apparently Lindsay Lohan is a fan.
The funding came from Tribeca Venture Partners, Lerer Ventures, m8 Capital, Eniac Ventures, Dennis Phelps of Institutional Venture Partners, and Bob Geiman of Redwood Technology Ventures. Just Sing It says it will use the money for further development of the app.
The parent company behind the app is officially called AnyoneGame, but it sounds like the team will be de-emphasizing that name in favor of the Just Sing It brand.
- ANYONEGAME
- TRIBECA VENTURE PARTNERS
- LERER VENTURES
- M8 CAPITAL
TVP is an early-stage venture capital firm that partners with world class entrepreneurs in the NYC area leveraging emerging technologies and business models to create and disrupt huge markets.
'�� Learn moreLerer Ventures is a New York-based, seed stage venture capital fund run by Ken and Ben Lerer. LV invests in founders in the earliest stages of a startup's life, seeking out those entrepreneurs with product vision, consumer insight, focused execution, and unwavering ambition. Its portfolio includes betaworks, chartbeat, Canvas Networks, Simple (formerly BankSimple), gdgt, GroupMe, Greplin, and Venmo.
'�� Learn morem8 Capital is a venture capital firm investing in mobile technology. m8 Capital acquires interest in companies which are positioned for leadership in key segments of the mobile industry. m8 Capital works with portfolio company management to leverage the firmâ'��'��s own extensive resources and global relationships to ensure that itâ'��'��s portfolio companies exceed their goals. Rather than wait for innovation, m8 works with its portfolio companies to make innovation happen.
'�� Learn moreSource: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH9dmlAL-CubgRANKhIPHbVt4Xduw&url=http://techcrunch.com/2013/04/24/just-sing-it-raises-1m-for-its-iphone-karaoke-app-with-users-recording-500k-songs-in-two-weeks/
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