Yousician music education app secures $ 28 million in funding
Image Credit: Yousician
Subscriptions to the Yousician music learning app grew 80% in 2020, and the company raised millions in its most recent funding round.
The world’s leading music education platform, Yousician, has raised $ 28 million in a Series B funding round. The company’s two apps, Yousician and GuitarTuna, total $ 20 million. active users per month. These millions of users brought the company $ 50 million in revenue in 2020.
GuitarTuna is the world’s number one guitar tuning app, and Yousician is an on-demand music school. It allows people to learn piano, guitar, bass, ukulele or vocals, with a Guitar Hero-esque interface that makes the learning process as accessible as playing a game. Users can get started for free. The platform provides real-time commentary through audio recognition technology and also provides lesson plans from music teachers.
Chris ThÃ¼r, Co-Founder and CEO of Yousician, said: âThis is a very exciting time for Yousician and aspiring musicians around the world. With this new round of funding and investors who really understand what we do and why, we’re ready to bring learning and music to more people, in more places than ever before. “
Yousician said he would use the funding to expand his recruiting, further develop his product offering and make investments in marketing. Also on the program, new partnerships with professional musicians to provide tutorials on the application. Previous artists providing lessons include Jason Mraz.
When the pandemic ended in-person music lessons last year, Yousician offered music teachers and students free access to its âYousician for Teachersâ platform. Meanwhile, as people sought to learn an instrument to spend their time in isolation, Yousician subscriptions grew by 80%.
The fundraising round brings the total raised by Yousician to $ 35 million. The company’s new investors included Amazon’s Alexa fund. MusicAlly reasoned that Therefore, smart speakers may well play a role in music education on the platform in the future.