Simply Ltd.

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Simply Ltd. - overview

Established

2011

Location

Tel Aviv, -, Israel

Primary Industry

Education/Training

About

Simply Ltd. formerly known as JoyTunes Ltd. develops innovative mobile applications aimed at enhancing creative skills, particularly in music learning. Their products combine interactive tutorials and technology to engage users of all levels in artistic pursuits.


Founded in 2011, Simply Ltd. formerly known as JoyTunes Ltd. is based in Tel Aviv-Yafo, Israel, and focuses on applications that teach music. The company has made six deals since its inception and secured a total funding of USD 50.


00 mn, with the latest funding round occurring in June 2021, led by GV and joined by Qualcomm Ventures. The founders of the company are Roey Izkovsky, Yigal Kaminka, and Yuval Kaminka, with Yuval Kaminka serving as the CEO. JoyTunes Ltd. specializes in mobile applications designed to facilitate and enhance creative pursuits, particularly in music learning.


Their flagship products include Simply Piano, Simply Guitar, Simply Sing, Simply Tune, Simply Draw, and Simply Piano XR. These applications utilize personalized tutorials, interactive feedback, and augmented reality technologies to engage users, catering to a diverse audience that includes families, educators, and individual learners across North America, Europe, and other regions. Simply Ltd. operates on a subscription-based revenue model, offering individual and family plans that provide unlimited access to all applications.


Customers can subscribe monthly or annually, allowing them access to tutorials, feedback, and community features. The company’s revenue structure supports direct-to-consumer sales and potential partnerships with educational institutions. In June 2021, Simply Ltd. raised USD 50.


00 mn in venture funding, aimed at developing additional technologies and products for music teachers, students, and enthusiasts. The company plans to leverage this funding to create and launch new applications designed to enhance music education further. Additionally, Simply Ltd. intends to expand its reach into new markets, targeting regions that show potential for growth and adoption of its creative learning platforms.


Current Investors

Genesis Partners, Insight Partners, Aleph

Primary Industry

Education/Training

Sub Industries

Education & Training Website, Music & Video Streaming Software, Education & Training Software

Website

www.hellosimply.com

Verticals

Mobile Apps

Company Stage

Series C

Total Amount Raised

Subscriber access only

Simply Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Unspecified RoundCompletedSimply Ltd.-
Series CCompletedSimply Ltd.-
Series BCompletedSimply Ltd.-
Series ACompletedSimply Ltd.-
SeedCompletedSimply Ltd.-

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Simply Ltd. - employee data

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