MakeMusic, Inc.
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MakeMusic, Inc. - overview
Location
Eden Prairie, MN, US
Primary Industry
Software
About
MakeMusic, Inc. is a digital music education provider focused on enhancing learning through innovative solutions, primarily via its flagship platform, MakeMusic Cloud, which supports educators with comprehensive resources for teaching music. MakeMusic, Inc. specializes in providing digital solutions for music education, allowing teachers to enhance their instruction and engage students effectively.
The company’s headquarters is located in Eden Prairie, US. Halvor Bekkevold serves as the CEO. In July 2012, LaunchEquity Partners made a bid to invest USD 13. 5 mn in the company.
By March 2013, a definitive agreement was reached for LaunchEquity to acquire MakeMusic, taking the company private for USD 4. 85 per share, with the deal completed in May 2013. MakeMusic has conducted one total deal, with the latest funding round being Public to Private, raising a total of USD 23. 80 mn.
MakeMusic specializes in digital music education solutions through its flagship product, MakeMusic Cloud. This platform offers music educators a comprehensive suite of tools that includes an extensive library of over 10,000 interactive titles, professional-quality accompaniments, and the Sight Reading Studio for tailored practice exercises. MakeMusic Cloud aims to help music teachers with grading efficiency, student engagement, and curriculum support, being utilized by educational institutions across the United States, including Texas, where it is recognized as an approved Teacher Incentive Allotment assessment tool. In 2012, MakeMusic reported a revenue of USD 17.
74 mn, with an EBITDA of USD -3. 52 mn for the same year. The company operates on a subscription-based revenue model, offering various pricing plans for individual users, classrooms, and institutions, including a free 30-day trial or a 90-day classroom trial that leads into paid plans for ongoing access. Looking ahead, MakeMusic plans to expand its product offerings and enhance MakeMusic Cloud with upcoming features aimed at enriching the user experience in music education.
The company intends to reach new markets and geographic regions, focusing on increased penetration within educational institutions in the US. The recent funding from LaunchEquity Partners will support these initiatives, specifically to enhance product development and drive user engagement. The strategic focus aligns with the anticipated completion of the acquisition deal in May 2013, which positions MakeMusic for increased operational capacity and growth.
Current Investors
LaunchEquity Partners
Primary Industry
Software
Sub Industries
Music & Video Streaming Software
Website
www.makemusic.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
MakeMusic, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Weezic, SAS | - | ||||||||
| Add-on | Completed | Peaksware | - | ||||||||
| Public to Private | Completed | MakeMusic, Inc. | - |
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