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Smule Raises $38 Million in Funding to Accelerate Growth Invest in Research and Development

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SAN FRANCISCO--(BUSINESS WIRE)--Smule announced today that it raised $38 million in new equity and debt funding to invest in marketing, product development and international expansion. Adam Street Partners led the equity round with existing backers, including Bessemer Ventures and Shasta Ventures, and City National provided the debt financing. Adams Street partner Dave Welsh joined Smule’s board. "It's not every day you encounter a market leading business that combines exceptional creativity wi

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